Bank for International Settlements researchers on November 6 published a new global dataset spanning the evolution since 1850 of 568 currencies, of which 163 are still in use.
Iñaki Aldasoro, Jon Frost, Rudraksh Kansal and Catherine Schenk find currencies are “often born for political reasons, but they often die for economic ones”. Their median duration is 33 years, though nearly a quarter in the dataset lasted less than a decade.
The study says that over the past 176 years, officially issued
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: www.centralbanking.com/subscriptions
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
