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Abstract
Author defines monetary globalization and examines the historical process of spreading money and cash nexus across the globe. It is stated that money developed almost simultaneously in three great civilizations (Europe, India, China), but over time the Hellenistic form of money absorbed and universalized all other forms of money. The author examines in detail the process of distribution of metallic and then credit form of money and their impact on economic globalization. All these processes occurring both in the markets of separate countries or small regions and at the international level (where money started to act as global currency almost immediately after its appearance) constitute the essence of the monetary globalization. The author dwells on the post-Bretton Woods period of development of the World Monetary System, believing that the extensive phase of monetary globalization has come to an end at this stage and its further development will be caused by fundamental qualitative changes.
Highlights
Author defines monetary globalization and examines the historical process of spreading money and cash nexus across the globe
Considers the term monetary geography more broadly than her foreign counterparts do with geography of money
From our point of view, in this sense it would be more appropriate to use the term currency geography, but since this term is not in use in English, we point out a slightly different meaning given to the concept of monetary geography in this article
Summary
The topic of money geography is not new in scientific research. Ronald Leonard Martin, a Cambridge geography professor, dedicated his research to this underinvestigated topic and creating a new economic geography of money. In his early work, Professor Martin studied the effect of globalisation on the role of geography in finance and staunchly opposed the idea posed by R. The concept of monetary geography acquires, due to her differentiated approach, a new meaning This is no longer just an overview of currency relations in the relevant geographical areas From our point of view, in this sense it would be more appropriate to use the term currency geography (as a narrower one), but since this term is not in use in English, we point out a slightly different meaning given to the concept of monetary geography in this article
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