At its birth in 1948, the West German Deutsche mark scarcely seemed to be a currency that could produce a miracle. Most of the country’s war-wrecked industry still lay in ruins; the economy was torn ...

Watch this," says Karl Otto Pohl. "It just came in from London." In a small conference room overlooking the glittering Frankfurt skyline, Europe's most influential banker settles into a leather chair.

Excerpt from Paper Money by "Adam Smith," (George J.W. Goodman), pp. 57-62. Before World War I Germany was a prosperous country, with a gold-backed currency, expanding industry, and world leadership ...

The pudgy fingers of Adolf Hitler one day last week gave a soft, squashyhandshake to this array of luncheon guests: His Majesty Tsar Boris III of Bulgaria; Dictator Mussolini’s sons Bruno and Vittorio ...

The euro is the official currency of the eurozone. It is used by the institutions of the European Union and by 19 of its 28 members. Globally, it is the second-most traded money and reserve currency, ...

I have to admit I was wrong about the euro. A few years ago, well before the financial crisis in the U.S. and the sovereign debt crisis in Europe, I was convinced that the euro would be a strong ...

Two months ago, some in Tokyo joked that we no longer carry yen in our wallets, but Japanese “pesos” or “rupiah.” Now, with the yen up more than 12% since mid-July—and perhaps headed for even bigger ...