“The international monetary system is the glue that binds national economies together.”

— Barry Eichengreen , Introduction

Source: Globalizing Capital (2008), Chapter 1. Introduction

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "The international monetary system is the glue that binds national economies together." by Barry Eichengreen?

Barry Eichengreen 10

Economist 1952

Related quotes

“Any account of the development of the international monetary system is also necessarily an account of the development of international capital markets.”

Barry Eichengreen Introduction

Source: Globalizing Capital (2008), Chapter 1. Introduction

“The air was heavy with the smell of leather and dust, of old parchment and binding glue. It smelled of secrets.”

Patrick Rothfuss book The Wise Man's Fear

Source: The Wise Man's Fear

“Trust is the glue that holds everything together.”

Stephen R. Covey book First Things First

Source: First Things First (1994), p. 243 
Context: Trust is the glue that holds everything together. It creates the environment in which all of the other elements — win-win stewardship agreements, self-directing individuals and teams, aligned structures and systems, and accountability — can flourish.

“Freedom can run a monetary system as superbly as it runs the rest of the economy. Contrary to many writers, there is nothing special about money that requires extensive governmental dictation.”

Murray N. Rothbard book What Has Government Done to Our Money?

What Has Government Done to Our Money? (1980)

“The true nature of the international system under which we were living was not realized until it failed. Hardly anyone understood the political function of the international monetary system; the awful suddenness of the transformation thus took the world completely by surprise. And yet the gold standard was the only remaining pillar of the traditional world economy; when it broke, the effect was bound to be instantaneous. To liberal economists the gold standard was a purely economic institution; they refused even to consider it as a part of a social mechanism.”

Karl Polanyi book The Great Transformation

The Great Transformation (1944), Ch. 2 : Conservative Twenties, Revolutionary Thirties

“There are essentially two types of society: mixed economies with public checks and balances, and oligarchies that dismantle and privatize the state, taking over its monetary and credit system, the land and basic infrastructure to enrich themselves but choking the economy, not helping it grow.”

Michael Hudson (economist) (1939) American economist

Source: The Destiny of Civilization https://michael-hudson.com/2022/05/the-destiny-of-civilization/, May 15, 2022

“In a liberal system, society and nation are nothing but an aggregation of competing individuals. What holds them together is the Constitution and the market economy. There is no nation – or if there is, it is only a political nation... When there is no nation, there is no community and no community interest. In essence this is the relationship between the individual and society from a liberal point of view.”

Viktor Orbán (1963) Hungarian politician, chairman of Fidesz

“Keynes’s design was in favour of the liberalization of the economy and the capital’s transfers, for the main purpose of monetary stability. To avoid devaluation of currencies - a practice followed by governments in order to sustain their export - Lord Keynes planned to introduce “Bancor”, a money of account to be accepted by all countries in international exchanges. The international body to be organized would get interests both from debtor and creditor countries, in order to finance the balance of payments system”

Nico Perrone (1935) Italian historian and writer

Source: The international economy from a political to an authoritative drive, p. 130

“Without the parallel development of systems of monetary - and credit-based exchange there could have been no development of economies beyond the most primitive organizational forms and the most geographically restricted sales.”

Peter Dicken (1938) British geographer

Source: Global Shift (2003) (Fourth Edition), Chapter 13, The Financial Services Industries, p. 437

“Some economists believe that the Great Depression of the 1930s was aggravated by bad monetary policy and lack of American leadership. Britain was too weak to maintain an open international economy, and the United States was not living up to its new responsibilities.”

Joseph Nye (1937) American political scientist

Source: Understanding International Conflicts: An Introduction to Theory and History (6th ed., 2006), Chapter 7, Globalization and Interdependence, p. 218.

“The international monetary system is the glue that binds national economies together.”

Help us to complete the source, original and additional information

Barry Eichengreen 10

Related quotes

Related topics