Discover how the European Monetary System (EMS) stabilized currencies and laid the groundwork for the euro, creating economic unity in Europe from 1979 onwards.

Over history, the world has adopted the currency of the leading country for global payments. The USD is, arguably, the first global currency untethered from precious metals. Despite external ...

After decades of increasing global economic integration, the world is facing a growing risk of geoeconomic fragmentation, with potentially far-reaching implications for the global economy and the ...

Forbes contributors publish independent expert analyses and insights. A few years ago I wrote a piece, for Public Discourse, called “Montesquieu and the Monetary System.” It discussed our having fiat ...

An almost-forgotten 19th century episode shows that international cooperation can be essential for a stable global monetary system The year 1873 marks a turning point in monetary history. In July, the ...

2026 will likely be the year when we will start to see serious flaws, with the pure fiat global monetary system exposed. The root cause is the need for accommodating central bank policies in the face ...

THE European money crisis only dramatized what many experts have long regarded as an unassailable dictum: the free world’s monetary system is overdue for an overhaul. That system—the internationally ...

PRESIDENT Donald Trump’s reelection as the president of the United States in November 2024 has triggered broad unease over the future direction of the international monetary system, as it signaled ...

The BRICS grouping will create a payment system based on blockchain. The effort is part of a specific task for this year to increase the role of BRICS in the international monetary system. The ...

Money as a concept has been a cornerstone of human civilization and economic development. To start with the latter, money is a method of storing value and worth, and it also functions as a medium of ...

This is an opinion editorial by Taimur Ahmad, a graduate student at Stanford University, focusing on energy, environmental policy and international politics. Author’s note: This is the first part of a ...

Gold bars, 400 troy ounces or 28 lbs each, are displayed at the Bureau of Engraving and Printing (BEP) in Washington, DC. (Photo by PAUL J. RICHARDS/AFP via Getty Images) It’s hard to believe, but the ...