Zombie International Currency : The Pound Sterling 1945–1971 | The Journal of Economic History | Cambridge Core
▻https://www.cambridge.org/core/journals/journal-of-economic-history/article/zombie-international-currency-the-pound-sterling-19451971/7B7C31079FB943B4971CD4B9257013AB?WT.mc_id=New+Cambridge+Alert+-+Issues
Il s’agit donc de la première publication en son nom propre d’une personne que j’ai vu grandir.
J’apprécie aussi le fait qu’elle ait choisi délibérément de publier sous licence #creative_commons et tout particulièrement qu’elle sorte un papier sur les monnaies zombies le jour d’Halloween !
The term “zombie bank” refers to a bank that cannot continue operating without some form of government assistance, such as bailout, credit support, or other guarantees.Footnote 2 I define a “zombie international currency” as a currency that requires the intervention of the issuing country, in the form of exchange controls and diplomatic pressure such as threats or economic sanctions, to continue being used internationally. International holders of zombie currencies are comparable to the creditors of zombie banks: they try to decrease their exposure to the zombie to avoid potential losses. This paper argues that sterling was a zombie international currency during the Bretton Woods era.Footnote 3