The Dollar Club: Why Countries Are So Keen To JoinRobert J. Barro
In 1947, there were 76 independent countries. Today there are 193. Until recently, most countries had their own currencies. Hence, the expansion of the number of countries led to a proliferation of currencies.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.