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The Resource Currency power : understanding monetary rivalry, Benjamin J. Cohen

Currency power : understanding monetary rivalry, Benjamin J. Cohen

Label
Currency power : understanding monetary rivalry
Title
Currency power
Title remainder
understanding monetary rivalry
Statement of responsibility
Benjamin J. Cohen
Creator
Subject
Language
eng
Summary
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 geopolitical standing of the United States, Europe, and China? Popular opinion holds that the days of the dollar, long the world's dominant currency, are numbered. By contrast, Currency Power argues that the current monetary rivalry still greatly favors America's greenback. Benjamin Cohen shows why neither the euro nor the yuan will supplant the dollar at the top of the global currency hierarchy. Cohen presents an innovative analysis of currency power and emphasizes the importance of separating out the various roles that international money might have. After systematically exploring the links between currency internationalization and state power, Cohen turns to the state of play among today's top currencies. The greenback, he contends, is the "indispensable currency"<U+0127> �the one that the world can't do without. Only the dollar is backed by all the economic and political resources that make a currency powerful. Meanwhile, the euro is severely handicapped by structural defects in the design of its governance mechanisms, and the yuan suffers from various practical limitations in both finance and politics. Contrary to today's growing opinion, Currency Power demonstrates that the dollar will continue to be the leading global currency for some time to come.--
Assigning source
Provided by publisher
Cataloging source
BTCTA
http://library.link/vocab/creatorName
Cohen, Benjamin J
Dewey number
332.042
Illustrations
illustrations
Index
index present
Literary form
non fiction
Nature of contents
bibliography
http://library.link/vocab/subjectName
  • Money
  • Dollar, American
  • Euro
  • Renminbi
Label
Currency power : understanding monetary rivalry, Benjamin J. Cohen
Instantiates
Publication
Copyright
Bibliography note
Includes bibliographical references (pages 257-274) and index
Contents
Cover; Title; Copyright; Dedication; Contents; List of Tables and Figures; Acknowledgments; Abbreviations and Acronyms; Introduction; 1 International Currency; 2 Power Analysis; 3 Monetary Power; 4 From Currency to Power; 5 From Power to Currency; 6 Currency Competition Today; 7 The Dollar: Power Undiminished; 8 The Euro: Power Unrealized; 9 The Yuan: Power Unstoppable?; 10 Summing Up; Notes; References; Index
Control code
FIEb17715829
Dimensions
24 cm.
Extent
286 pages
Isbn
9780691167855
Other physical details
illustrations
System control number
(OCoLC)908083896
Label
Currency power : understanding monetary rivalry, Benjamin J. Cohen
Publication
Copyright
Bibliography note
Includes bibliographical references (pages 257-274) and index
Contents
Cover; Title; Copyright; Dedication; Contents; List of Tables and Figures; Acknowledgments; Abbreviations and Acronyms; Introduction; 1 International Currency; 2 Power Analysis; 3 Monetary Power; 4 From Currency to Power; 5 From Power to Currency; 6 Currency Competition Today; 7 The Dollar: Power Undiminished; 8 The Euro: Power Unrealized; 9 The Yuan: Power Unstoppable?; 10 Summing Up; Notes; References; Index
Control code
FIEb17715829
Dimensions
24 cm.
Extent
286 pages
Isbn
9780691167855
Other physical details
illustrations
System control number
(OCoLC)908083896

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