Currency Power: Understanding Monetary Rivalry

Description

Monetary rivalry is a fact of life in the world economy. Intense competition between international currencies like the US dollar, Europe's euro, and the Chinese yuan is profoundly political, going to the heart of the global balance of power. But what exactly is the relationship between currency and power, and what does it portend for the geopolitic

Benjamin J. Cohen is the Louis G. Lancaster Professor of International Political Economy at the University of California, Santa Barbara. His many books include The Future of Money and International Political Economy: An Intellectual History (both Princeton).

"The ideas are clearly explained and speak directly to a broad spectrum of the existing international political economy literature."--Choice "This analytic complexity makes Currency Power an important contribution to our understanding of financial statecraft. This is not only the first comprehensive treatment of currency power, it is likely to remain the best such treatment for years to come. As such, the book is necessary reading for everyone interested in whether the dollar will remain at the top of the global currency pyramid as well as why retaining that status matters."--Thomas Oatley, Cambridge Review of International Affairs