
Shades of Sovereignty
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Wilson analyzes the decision-making of newly independent states in their choice of an appropriate currency, considering the complex factors involved-ranging from the purely economic to questions of security, international recognition, and outright nationalism that have played a part. The author challenges the notion that each country must necessarily have its own currency and explains why some newly independent countries have chosen to adopt the currency of another state. Citing the examples of international currency unions of the nineteenth century and the present day, he contends that sharing a currency does not represent a surrender of political sovereignty. Instead, Wilson argues for a more rational attitude toward money as a facilitator of transactions rather than as a symbol of national identity.
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Content
Glossary
1 Iintroduction
2 The Money of Nation Builders
3 International Monetary Unions in the 19th Century
4 Money and Empire
5 The End of Empire
6 Secession and Accession
7 Countries and Currencies in Waiting
8 Modern Multinational Monetary Unions
9 Money and the Making of the State
Bibliography
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