Annotated+Bibliography

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 Baker, S. (2011). //European Union as a transfer union.// Retrieved from [] This article focuses on the political economy of Europe and the inherent problems of the European Union. It further discusses how centralized banking in Europe has created huge deficits in the centralized government. The author has worked with some of the largest banks and regulators in the world. He has a personal and political website called [|stevebaker.info]. The author is a member of parliament for Wycombe England and has created an educational charity called Cobden Centre. The author has a strong political background working with parliament along with experience with international banking. This article creates insights on what would happen with a world currency if it was implemented and was a huge contribution in to my essay.

Daniel, M. (2007). //1944 Bretton woods international monetary conference.// YouTube. [Video]. Retrieved from [] This video was from the first meeting of International world leaders talking about forming a world currency. The video added some history to the article and showed that a the concept for a world currency has been around for a while. Harper, D. (2010). Currency. //Online etymology dictionary//. Retrieved March 15, 2011, from [] This is an online dictionary that explains the etymology of a word.

SGCA. (2003). Welcome to the Single global currency association's website//. Single global currency association.// Retrieved from [] This website is a site about an association for a global currency. It gives an overview of what a world currency and why they believe it should be put into use. Though this site is a website ending in .org, the reliability can be questionable. There are some good facts but it does feel biased towards the side that there should be a world currency. It was helpful since it did explain a lot and showed their side of the argument.

International Monetary Fund. (2010). //Data and statistics.// Retrieved from [] This Web site has statistical information on the stability and economic structures of world governments. This organization is spearheading the formation of a world currency and was critical in my research. This Web site proves that there is a world banking entity focusing on a single monetary banking system. The article provides an excellent view on which countries are in control of the world economy and what emerging countries are looking to gain control.

Love, B. (2009). //G20 not ready yet for new world currency debate.// Retrieved from [] This article talks about the G20 summit, where China and Russia talked internationally about replacing the US dollar as a trade currency with a world currency. The article emphasizes on a speech given by China's central bank chief Zhou Xiaochuan. The author shows how China and Russia are trying to gain a financial stronghold on the world economy by creating a world currency. The author is the senior correspondent for Reuters news agency and has been a journalist for over 20 years. The author is also a financial analyst and a European economics correspondent. This article was an important find in to the research part of my essay and leads me to finding the essay written by Zhou Xiaochuan. Macpherson, T. (2009). //China requests that USA dollar be replaced as world currency.// YouTube. [video]. Retrieved from [] This video talked about how China was pushing for a new world currency to replace the U.S dollar for international trade.

Martin, M. (2007). //What is the difference?: Comparing U.S and Chinese trade data.// Retrieved from [] This report was written for the U.S. Congress on the financial discrepancies of China's international trade deficits. The article contains financial statistics along with clear definitions of economic discrepancies between the United States and China. The author has a clear indication of how and why China was able to create theses discrepancies. The author also has suggestions on how the US government and Congress can change procedures in international trade to stop these discrepancies from happening. I found this article useful in the research of my essay because it had a lot of statistical information to back up the claims of the indiscretions China was doing to undermine the U. S dollar.

McCullagh, D. (2009). United Nations proposes new “global currency”. //CBS News//. Retrieved from [] This article is about the United Nations wanting the dollar and other currencies to be replaced with a new currency, one that can be used in place of all of them. An example of China is used to back up their idea of a world currency. This article seems reliable as it is a factual report and it is also a good example of nations wanting a world currency. This helped me by giving me an actual country who is experimenting with trying a world currency, one I can use in my paper.

Newman, A. (2010). Waking up to a world currency. //New American (08856540)//, 26(19), 10-15. Retrieved from EBSCO//host//. This article is more about what if there was a world currency in place, though the U.S. was reluctant to even think about it. It explains how the U.S. created the dollar to try to make a reserve currency, but China wants a newer world reserve currency. The article isn’t biased and gives a lot of hard facts, therefore I would say this information is reliable. I can use this article to explain different ideas that the U.S had about a world currency, what other countries ideas were, and what methods were used.

Steil, B. (2007). The end of national currency. //Foreign affairs//, 86(3), 83. Retrieved from EBSCO//host//. This article discusses the current currency crises with multiple countries and offers ideas about what should be done. A world currency was an option mentioned as well as what would be better between the euro and dollar. The way this article presents this information isn’t really biased, and the writer is director of a financial council so the information seems reliable. There is a lot of good information about the issues that led up to wanting a world currency, and therefore I could use that.

Witte, M. (2009). When is a global currency optimal?. //Global economic review//, 38(1), 1-11. doi:10.1080/12265080802692639 This article talks about what a business prefers when it comes to making transactions. The main point from this is that it is better to have a same currency to make business easier among countries. This article seems to be quite reliable as it comes from a financing department of a college. The article was helpful as it was a good example of how a world currency would work in the real world.

Xiaochuan, Z. (2009). //Reform the international monetary system//. Retrieved from Bank for international settlements. [] This essay was written by China's central banking Chief, Zhou Xiaochuan, and presented at the G-20 summit as a plea to the world to stop using the U.S dollar as monetary fund for international trade. The bulk of the essay was focused on using the International Monetary Fund as an international currency. The essay attempts to explain how the U.S dollar keeps financially struggling countries from emerging out of their financial burdens and how a world currency would help them to stabilize their economy. My argument essay was focused on debunking this essay and the writings of Zhou Xiaochuan.