Frankel, Jeffrey2010-09-212009Frankel, Jeffrey A. 2009. On Global Currencies. HKS Faculty Research Working Paper Series RWP09-026, John F. Kennedy School of Government, Harvard University.http://nrs.harvard.edu/urn-3:HUL.InstRepos:4448879I approach the state of global currency issues by identifying eight concepts that I see as having recently “peaked” and eight more that I see as currently rising in relevance. Those that I see as having already seen their best days are: the G-7, global savings glut, corners hypothesis, proliferating currency unions, inflation targeting (narrowly defined), exorbitant privilege, Bretton Woods II, and currency manipulation. Those that I see as receiving increased emphasis in the future are: the G-20, the IMF, SDR, credit cycle, reserves, intermediate exchange rate regimes, commodity currencies, and multiple international currency system.en-USDEV - International DevelopmentFinanceInternational EconomicsExchange RatesGlobalizationBankingResearch Paper or Report2010-09-21