Currency Power

Author : Benjamin J. Cohen
Publisher : Princeton University Press
Page : 302 pages
File Size : 53,5 Mb
Release : 2018-04-24
Category : Business & Economics
ISBN : 9780691181066

Get Book

Currency Power by Benjamin J. Cohen Pdf

Why the dollar will remain the world's most powerful currency 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"—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.

Author : Anthony Elson
Publisher : Springer Nature
Page : 205 pages
File Size : 40,7 Mb
Release : 2021-09-15
Category : Business & Economics
ISBN : 9783030835194

Get Book

The Global Currency Power of the US Dollar by Anthony Elson Pdf

This book explains how the US dollar serves as the primary reserve currency for the international financial system and assesses its prospects for the future. The book provides an analysis of the main factors that have given rise to the global currency power of the dollar and the key benefits that have accrued to both the United States and other countries from this arrangement. It then considers the growing costs that can be associated with the dollar-centered reserve system and the prospects for the medium-term in terms of its potential threats to global financial stability. In the light of these considerations, the book examines three alternative currency arrangements that could address some or all of the defects associated with the global currency power of the dollar. These include a shift to a multi-reserve currency system, an enhancement of the IMF’s role as an international lender of last resort and provider of global “safe” assets, and the introduction of central bank digital currencies. "A cogent, persuasive and timely look at the dollar's power." Kirkus Reviews

Author : Brendan D. Brown
Publisher : Springer
Page : 169 pages
File Size : 55,7 Mb
Release : 1979-06-17
Category : Business & Economics
ISBN : 9781349042456

Get Book

The Dollar-Mark Axis: On Currency Power by Brendan D. Brown Pdf

Author : Maria-Luisa Achino-Loeb
Publisher : Berghahn Books
Page : 168 pages
File Size : 53,8 Mb
Release : 2005-12-30
Category : Social Science
ISBN : 9781782387497

Get Book

Silence by Maria-Luisa Achino-Loeb Pdf

This book is about silence and power and how they interact. It argues that only by studying how silence works-how it is implicated in the construction of meaning-can we arrive at the elusive roots of power in all its dimensions. Silence becomes the currency of power by delineating the margins or what we perceive and through a sleight of hand wherein behaviors undertaken in the service of self-interest appear instead as inevitable and devoid of human agency. The theoretical load of this argument is carried by vivid ethnographic material dealing with music, linguistic behavior, racial conflicts, work dislocations, and the construction of anthropological subjects and texts.

Author : Alan Wheatley
Publisher : Routledge
Page : 148 pages
File Size : 55,6 Mb
Release : 2017-10-03
Category : History
ISBN : 9781351223881

Get Book

The Power of Currencies and Currencies of Power by Alan Wheatley Pdf

Today, a Great Powers arsenal extends well beyond the military, embracing soft power and also currency power. The dollar dominates the global economy, used in settling trade and investment deals but also held in reserve in vast quantities by central banks in case of a payments crisis. This demand for dollars keeps US borrowing costs lower than they otherwise would be, reinforcing the countrys economic power and helping to pay for the worlds strongest armed forces. This Adelphi sets out how the US has regularly deployed the power of the dollar to put pressure on foes such as Iran, as well as allies including the United Kingdom and Germany. Contributors, including Robert Zoellick, the former head of the World Bank, and John Williamson, a leading expert on currencies, assess how long the US will be able to maintain this exorbitant privilege in tandem with a rising China. Beijing, sensing that the global crisis might herald the end of the dollars supremacy, is eager to gain monetary power by carving out an international role for its own currency, the renminbi. The book examines the obstacles China must first overcome in its quest and the strategic consequences if it succeeds.

Author : James Rogers
Publisher : James Rogers
Page : 222 pages
File Size : 55,9 Mb
Release : 2010-12-15
Category : Business & Economics
ISBN : 9781644800157

Get Book

Power Currency by James Rogers Pdf

Money for the 21st Century

Author : A. Broome
Publisher : Springer
Page : 219 pages
File Size : 49,7 Mb
Release : 2010-03-10
Category : Political Science
ISBN : 9780230278059

Get Book

The Currency of Power by A. Broome Pdf

This book examines how the International Monetary Fund engages in the politics of ideas to shape domestic institutional change. Drawing on case studies from post-Soviet Central Asia, André Broome explains that how governments interpret their policy options mediates the IMF's influence over economic reform during periods of crisis and uncertainty.

Author : Frederick Kaufman
Publisher : Other Press, LLC
Page : 305 pages
File Size : 40,7 Mb
Release : 2020-11-24
Category : Business & Economics
ISBN : 9781590517192

Get Book

The Money Plot by Frederick Kaufman Pdf

Half fable, half manifesto, this brilliant new take on the ancient concept of cash lays bare its unparalleled capacity to empower and enthrall us. Frederick Kaufman tackles the complex history of money, beginning with the earliest myths and wrapping up with Wall Street’s byzantine present-day doings. Along the way, he exposes a set of allegorical plots, stock characters, and stereotypical metaphors that have long been linked with money and commercial culture, from Melanesian trading rituals to the dogma of Medieval churchmen faced with global commerce, the rationales of Mercantilism and colonial expansion, and the U.S. dollar’s 1971 unpinning from gold. The Money Plot offers a tool to see through the haze of modern banking and finance, demonstrating that the standard reasons given for economic inequality—the Neoliberal gospel of market forces—are, like dollars, euros, and yuan, contingent upon structures people have designed. It shines a light on the one percent’s efforts to contain a money culture that benefits them within boundaries they themselves are increasingly setting. And Kaufman warns that if we cannot recognize what is going on, we run the risk of becoming pawns and shells ourselves, of becoming characters in someone else’s plot, of becoming other people’s money.

Author : Jonathan Barth
Publisher : Cornell University Press
Page : 248 pages
File Size : 52,8 Mb
Release : 2021-06-15
Category : History
ISBN : 9781501755798

Get Book

The Currency of Empire by Jonathan Barth Pdf

In The Currency of Empire, Jonathan Barth explores the intersection of money and power in the early years of North American history, and he shows how the control of money informed English imperial action overseas. The export-oriented mercantile economy promoted by the English Crown, Barth argues, directed the plan for colonization, the regulation of colonial commerce, and the politics of empire. The imperial project required an orderly flow of gold and silver, and thus England's colonial regime required stringent monetary regulation. As Barth shows, money was also a flash point for resistance; many colonists acutely resented their subordinate economic station, desiring for their local economies a robust, secure, and uniform money supply. This placed them immediately at odds with the mercantilist laws of the empire and precipitated an imperial crisis in the 1670s, a full century before the Declaration of Independence. The Currency of Empire examines what were a series of explosive political conflicts in the seventeenth century and demonstrates how the struggle over monetary policy prefigured the patriot reaction to the Stamp Act and so-called Intolerable Acts on the eve of American independence. Thanks to generous funding from the Arizona State University and George Mason University, the ebook editions of this book are available as Open Access (OA) volumes from Cornell Open (cornellpress.cornell.edu/cornell-open) and other Open Access repositories.

Author : Jonathan Kirshner
Publisher : Princeton University Press
Page : 304 pages
File Size : 55,8 Mb
Release : 2020-12-08
Category : Political Science
ISBN : 9780691222226

Get Book

Currency and Coercion by Jonathan Kirshner Pdf

Jonathan Kirshner here examines how states can and have used international currency relationships and arrangements as instruments of coercive power for the advancement of state security. Kirshner lays the groundwork for the study of what he calls monetary power by providing a taxonomy of the forms that such power can take and of the conditions under which it can have effect. He then establishes the actual existence of monetary power by showing how the taxonomy is supported by the historical record, including cases from nations from all over the globe and throughout the twentieth century. He uncovers how monetary power is affected by different monetary regimes, the sources of its success and failure, and the factors that lead states to turn to its use. Kirshner thus succeeds in developing a generalized framework for the analysis of an important yet neglected form of state power that is likely to be of increasing importance in the post-Cold War era. Although some distinguished scholars have touched on the issue of monetary power, there has been until now no standard text on the subject. Integrating security studies and international political economy, this book is a timely synthesis that will be important to the entire discipline of international relations.

Author : Devin Singh
Publisher : Stanford University Press
Page : 384 pages
File Size : 48,6 Mb
Release : 2018-04-10
Category : Religion
ISBN : 9781503605671

Get Book

Divine Currency by Devin Singh Pdf

This book shows how early economic ideas structured Christian thought and society, giving crucial insight into why money holds such power in the West. Examining the religious and theological sources of money's power, it shows how early Christian thinkers borrowed ancient notions of money and economic exchange from the Roman Empire as a basis for their new theological arguments. Monetary metaphors and images, including the minting of coins and debt slavery, provided frameworks for theologians to explain what happens in salvation. God became an economic administrator, for instance, and Christ functioned as a currency to purchase humanity's freedom. Such ideas, in turn, provided models for pastors and Christian emperors as they oversaw both resources and people, which led to new economic conceptions of state administration of populations and conferred a godly aura on the use of money. Divine Currency argues that this longstanding association of money with divine activity has contributed over the centuries to money's ever increasing significance, justifying various forms of politics that manage citizens along the way. Devin Singh's account sheds unexpected light on why we live in a world where nothing seems immune from the price mechanism.

Author : Anonim
Publisher : Unknown
Page : 156 pages
File Size : 44,7 Mb
Release : 2013
Category : Electronic
ISBN : OCLC:1132087621

Get Book

The Power of Currencies and Currencies of Power by Anonim Pdf

Author : Christopher G. Tiedeman
Publisher : Da Capo Press, Incorporated
Page : 744 pages
File Size : 50,6 Mb
Release : 1886
Category : Law
ISBN : UOM:39015024856166

Get Book

A Treatise On The Limitations Of Police Power In The United States by Christopher G. Tiedeman Pdf

Author : Irving Fisher
Publisher : Cosimo, Inc.
Page : 529 pages
File Size : 52,8 Mb
Release : 2007-11-01
Category : Business & Economics
ISBN : 9781602069572

Get Book

The Purchasing Power of Money by Irving Fisher Pdf

Perhaps America's first celebrated economist, Irving Fisher-for whom the Fisher equation, the Fisher hypothesis, and the Fisher separation theorem are named-staked an early claim to fame with his revival, in this 1912 book, of the "quantity theory of money." An important work of 20th-century economics, this work explores: the circulation of money against goods the various circulating media the mystery of circulating credit how a rise in prices generates a further rise influence of foreign trade on the quantity of money the problem of monetary reform and much more. American economist IRVING FISHER (1867-1947) was professor of political economy at Yale University. Among his many books are Mathematical Investigations in the Theory of Value and Prices (1892), The Rate of Interest (1907), Why Is the Dollar Shrinking? A Study in the High Cost of Living (1914), and Booms and Depressions (1932).

Author : Enrico Fels
Publisher : Springer
Page : 768 pages
File Size : 41,5 Mb
Release : 2016-11-03
Category : Political Science
ISBN : 9783319456898

Get Book

Shifting Power in Asia-Pacific? by Enrico Fels Pdf

This book investigates whether a power shift has taken place in the Asia-Pacific region since the end of the Cold War. By systematically examining the development of power dynamics in Asia-Pacific, it challenges the notion that a wealthier and militarily more powerful China is automatically turning the regional tides in its favour. With a special emphasis on Sino-US competition, the book explores the alleged linkage between the regional distribution of relevant material and immaterial capabilities, national power and the much-cited regional power shift. The book presents a novel concept for measuring power in international relations by outlining a composite index on aggregated power (CIAP) that includes 55 variables for 44 regional countries and covers a period of twenty years. Moreover, it develops a middle power theory that outlines the significance of middle powers in times of major power shifts. By addressing political, military and economic cooperation via a structured-focused comparison and by applying a comparative-historical analysis, the book analyses in depth the bilateral relations of six regional middle powers to Washington and Beijing.