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Globalization & Finance (Goldstein & Pevehouse, 2014)…

- - - - Not all the currencies weigh the same
        
        Dollar Euro
        
        states maintain reserves
        
        "Can the Euro ever challenge the Dollar?" (Cohen, 2003)
        
        Hard currencies
        
        export computers
        
        export soy beans
    - - fixed exchange rates
        
        Argentina (1990s)
      - Floating exchange rates
        
        the 'price' of the currency depends on the market
        
        Central Bank
  - - - A source of loans
    - - international currency exchange
      - balance of international payments
      - national accounts
    - - "Writing the rules of global finance: France, Europe and Capital Liberelization" (Abdelal, 2011)