Emerging Currency Blocks

摘要: When countries in the 19th century joined gold standard one-by-one, they were seeking to acquire more than just stability values of their currencies. They moving toward closer integration, financially and economically, with world economy. After World War I, system fragmented into currency blocs trading blocs: Sterling bloc, Central Europe dollar bloc.1 The allies who met at Bretton Woodsin 1944 determined not repeat after II fragmentation instability that had characterized interwar years. ensuing period growth trade income indeed seemed be closely associated common monetary standard, standard.