Is a World Currency Realistic?
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Morning Edition, July 11, 2007 · In a recent article in
Foreign Affairs magazine, economist Benn Steil says
most national currencies should be eliminated because
they end up being manipulated by politicians,
and do more economic harm than good.
npr.org
Dr. Benn Steil is the AndrŽ Meyer Senior Fellow in International Economics at the Council on Foreign Relations in New York.ÊHe is also the Editor of International Finance (Blackwell Publishers), a member of the European Shadow Financial Regulatory Committee, a member of the Advisory Board of the European Capital Markets Institute, and a nonexecutive director of the virt-x stock exchange in London.ÊUntil November 1998, he was Director of the International Economics Programme at the Royal Institute of International Affairs in London.ÊPrior to his appointment at the Institute in 1992, he held a Lloydâs of London Tercentenary Research Fellowship at Nuffield College, Oxford, where he received his PhD in Economics.
Dr. Steil has written and spoken widely on securities trading and market regulation.ÊHis research and market commentary are regularly covered in publications such as the Financial Times, Wall Street Journal, New York Times, International Herald Tribune, USA Today, The Economist, Barrons, Business Week, Fortune, Time, Newsweek, Financial News, Securities Industry News, Traders Magazine, and Reuters and Bloomberg online. Among his books are a critically acclaimed study of The European Equity Markets and a major text on Institutional Investors, as well as edited volumes on cross-border antitrust (Antitrust Goes Global) and Technological Innovation and Economic Performance.ÊHis other areas of published research include derivatives, risk management, decision theory, and international trade.ÊDr. Steil has also worked for investment banks in New York and London, in systems analysis and foreign exchange, and currently provides consultancy services to exchanges, securities houses and government bodies around the world. |
