Show Notes
Doubts about the international dominance of the dollar are only growing amid worries about tariffs, political dysfunction, and fraying international alliances. Will the dollar continue to reign supreme? In Money Beyond Borders, the leading authority on international currencies, Barry Eichengreen, puts the dollar's prospects in deep historical perspective by chronicling the entire history of cross-border currencies, from the invention of coins in the seventh century BCE to the cryptocurrencies of today and the central bank digital currencies of tomorrow.
Money Beyond Borders: Global Currencies from Croesus to Crypto (Princeton University Press, 2026) recounts how Greek and Roman coins became the first true international currencies. It tells how the Florentine gold florin became the "greenback of the Renaissance," and how it was succeeded by Spanish silver and a Dutch fiat currency. The book explains why the British pound dominated the international economy in the nineteenth century, why the dollar rose to the top during World War II, and why the dollar has survived predictions of the imminent loss of its preeminence since the 1970s.
The long history of international currencies shows that the same factors that encourage their widespread use eventually lead to their abandonment. Money Beyond Borders makes a powerful case that the dollar is now on the downside of this cycle, and it considers who the winners and losers will be when there is flight away from the greenback. Revealing important patterns in the life cycles of international currencies over the past 2,500 years, the book offers valuable lessons and insights about how currencies rise--and why they fall.
Barry Eichengreen is the George C. and Helen N. Pardee Chair and Distinguished Professor of Economics and Political Science at the University of California, Berkeley.
Caleb Zakarin is the CEO and Publisher of the New Books Network.
More from New Books in Ancient History
After Caesar's assassination, the triumvirs drew up a kill list; one such target, a man named Lucius Plotius Plancus, fled to a villa near Naples and tried hiding behind a curtain. The soldiers found him anyway–thanks to his heavy perfume.
How Roman Britain ended is one of the most controversial questions in British history. Unique among former Roman citizens in Western Europe, the Britons established long-lived kingdoms, resisting 'barbarian' political takeover for centuries. Yet so little is known of them from written records that even the names of most of their kings are effectively lost to history.
The Romans loom large in the imagination, credited with roads, aqueducts, politics, plumbing and empire – yet these familiar achievements tell only part of the story. The Romans: A People’s History (Reaktion, 2026) turns away from generals and emperors to focus instead on the millions of ordinary men and women whose voices rarely made it into history. Drawing on inscriptions, literature, household objects, mosaics and myth, it reveals how plebeian lives shaped the culture that still surrounds us: from food and labour to beliefs, entertainment, violence and political resistance. Not shying away from contentious subjects – misogyny, slavery, racism and the enjoyment of brutal spectacle – Paul Chrystal offers a rich, human-centred account of Roman civilization, suggesting that what ordinary Romans endured and achieved still echoes in how we live, argue and govern today.
Ancient Greek lives on in our culture in surprising ways. Sometimes funny - the word for an actor, hupokrites, gives us 'hypocrite'; sometimes beautiful - an astronaut is literally a sailor of the skies. And that's before we get to the myths which gave us our Achilles heel or our Midas Touch. And what about crocodile tears, which comes from the Greek's belief that crocodiles cried while eating their victims!
How did the state become Christian in late antiquity? Many scholars have traced the Christianization of the Roman world in the centuries following the conversion of the emperor Constantine in 312 CE. Robin Whelan, however, turns his attention away from the usual suspects in such accounts-emperors, empresses, bishops, ascetics, and other holy people-to consider a surprisingly understudied set of late ancient Christians: those who served the state as courtiers, bureaucrats, and governors. By tracing the requirements of regimes, the expectations of subjects, and patterns of engagement with churches and churchmen, he argues that that those who served the state in late antiquity could be seen-and indeed, could see themselves-as distinctly Christian authority figures-just as much as the emperors and kings whom they served, and the bishops and ascetics whom they governed. Serving the Christian State in Late Antiquity (Cambridge University Press, 2026) is also available as Open Access on Cambridge Core.