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9781538154014

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Paul Wilson skillfully sifts through the ever-changing, shifting sands of monetary sovereignty to produce a clear, coherent portrait. What do we see? That monetary sovereignty is all about the right to determine a unit of account, a means of payment, and, yes, the right to produce money.--Steve H. Hanke, Johns Hopkins University

The subject of money has intrigued us for millennia and has been treated in many books, but none like Paul Wilson's fascinating account of how money helped fashion nations. The historical breadth of coverage is breathtaking and engrossing. The choice of monetary regimes has sometimes been determined by economic and sometimes by political considerations. Unsurprisingly, a distinct national currency has often been an important symbol of nationhood for newly independent countries, whether its value was linked to gold, another currency, an inflation target, or nothing at all. But as Wilson engagingly documents: 'There is no single solution to the question of which currency regime should a new country adopt.' Wilson traces more currency history than you probably thought you needed to know, but by the time you finish his absorbing account, you will be glad that you read every word.--Warren Coats, International Monetary Fund, 1976-2004; author of One Currency for Bosnia Paul Wilson skillfully sifts through the ever-changing, shifting sands of monetary sovereignty to produce a clear, coherent portrait. What do we see? That monetary sovereignty is all about the right to determine a unit of account, a means of payment, and, yes, the right to produce money.--Steve H. Hanke, Johns Hopkins University

The subject of money has intrigued us for millennia and has been treated in many books, but none like Paul Wilson's fascinating account of how money helped fashioned nations. The historical breadth of coverage is breathtaking and engrossing. The choice of monetary regimes has sometimes been determined by economic and sometimes by political considerations. Unsurprisingly, a distinct national currency has often been an important symbol of nationhood for newly independent countries, whether its value was linked to gold, another currency, an inflation target, or nothing at all. But as Wilson engagingly documents: 'There is no single solution to the question of which currency regime should a new country adopt.' Wilson traces more currency history than you probably thought you needed to know, but by the time you finish his absorbing account, you will be glad that you read every word.--Warren Coats, International Monetary Fund, 1976-2004; author of One Currency for Bosnia Paul Wilson skillfully sifts through the ever-changing, shifting sands of monetary sovereignty to produce a clear, coherent portrait. What do we see? That monetary sovereignty is all about the right to determine a unit of account, a means of payment, and, yes, the right to produce money.--Steve H. Hanke, Johns Hopkins University

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After serving in the British Army from 1976 to 1994, Paul Wilson joined De La Rue PLC, the world’s biggest commercial banknote printing company. From 1994 to 2003, he held a series of appointments in De La Rue’s banknote division, negotiating with central banks in the Former Soviet Union, the Middle East, and Eastern Europe. In 2000, he was appointed director of sales, responsible for De La Rue’s negotiations with central banks around the world. Until his retirement in 2015, Wilson was responsible for De La Rue’s relationships with the British government and parliamentarians. He has been a trustee of the John Smith Trust and a member of the advisory council of Wilton Park, the Foreign and Commonwealth Office’s conference center. In retirement, he now works part time as deputy director general of the British Iranian Chamber of Commerce. His books include Hostile Money: Currencies in Conflict.

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