The Power Of Currencies And Currencies Of Power

Author : Alan Wheatley
Publisher : Routledge
Page : 148 pages
File Size : 42,5 Mb
Release : 2017-10-03
Category : History
ISBN : 9781351223881

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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 : Anonim
Publisher : Unknown
Page : 156 pages
File Size : 46,8 Mb
Release : 2013
Category : Electronic
ISBN : OCLC:1132087621

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The Power of Currencies and Currencies of Power by Anonim Pdf

Author : Benjamin J. Cohen
Publisher : Princeton University Press
Page : 302 pages
File Size : 50,7 Mb
Release : 2018-04-24
Category : Business & Economics
ISBN : 9780691181066

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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 : 50,9 Mb
Release : 2021-09-15
Category : Business & Economics
ISBN : 9783030835194

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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 : Irving Fisher
Publisher : Cosimo, Inc.
Page : 529 pages
File Size : 47,5 Mb
Release : 2007-11-01
Category : Business & Economics
ISBN : 9781602069572

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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 : James P Rogers
Publisher : Power Currency
Page : 217 pages
File Size : 46,9 Mb
Release : 2010-12-15
Category : Business & Economics
ISBN : 9780979855900

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Power Currency by James P Rogers Pdf

Power Currency is the money for the 21st Century. It uses the same economic system set up by our founding fathers It can: - Wipe out the national debt - Fund infrastructure projects such as high speed rail and new power grids - Increase our energy supply 10 to 100 times - Cut pollution - Get off foreign oil imports - Turn your car into a money making machine - Fund Social Security forever - Open new investment alternatives - Slay the debt dragon Power Currency is freedom.

Author : Jonathan Barth
Publisher : Cornell University Press
Page : 248 pages
File Size : 42,9 Mb
Release : 2021-06-15
Category : History
ISBN : 9781501755798

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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 : Robert Bracey,Barrie Cook,Amelia Dowler
Publisher : British museum Press
Page : 0 pages
File Size : 52,7 Mb
Release : 2015-02-16
Category : Coins
ISBN : 0714118087

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Symbols of Power by Robert Bracey,Barrie Cook,Amelia Dowler Pdf

Money has always been a subject of interest, today more so than ever. For centuries it has performed a key role around the globe most obviously in trade and the economy, but also in the development of national identities, religions and the spread of empire.

Author : Barry Eichengreen,Arnaud Mehl,Livia Chitu
Publisher : Princeton University Press
Page : 270 pages
File Size : 51,8 Mb
Release : 2019-02-26
Category : Business & Economics
ISBN : 9780691191867

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How Global Currencies Work by Barry Eichengreen,Arnaud Mehl,Livia Chitu Pdf

A powerful new understanding of global currency trends, including the rise of the Chinese yuan At first glance, the history of the modern global economy seems to support the long-held view that the currency of the world’s leading power invariably dominates international trade and finance. But in How Global Currencies Work, three noted economists overturn this conventional wisdom. Offering a new history of global finance over the past two centuries and marshaling extensive new data to test current theories of how global currencies work, the authors show that several national monies can share international currency status—and that their importance can change rapidly. They demonstrate how changes in technology and international trade and finance have reshaped the landscape of international currencies so that several international financial standards can coexist. In fact, they show that multiple international and reserve currencies have coexisted in the past—upending the traditional view of the British pound’s dominance before 1945 and the U.S. dollar’s postwar dominance. Looking forward, the book tackles the implications of this new framework for major questions facing the future of the international monetary system, including how increased currency competition might affect global financial stability.

Author : Robert Pringle
Publisher : Springer Nature
Page : 297 pages
File Size : 46,9 Mb
Release : 2019-12-06
Category : Business & Economics
ISBN : 9783030258948

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The Power of Money by Robert Pringle Pdf

Innovation in money is just as important as innovation in any other sphere of activity; money is always a “work in progress.” In fact, history shows societies have tried out a wide diversity of monetary arrangements. Ideas about money have played key roles at crucial turning points in world history and during national histories. Recently, a new global money space has been created, a joint venture between the public and private sector. This book explores the new money society that has grown up to inhabit this new space. The book has several aims: Firstly, the book shows how beliefs about money, as well as attitudes and values towards it, have varied between societies and over time, and specifically how they have changed over the modern era. Secondly, the book shows the powerful effects that changing ideas have had on events, including wars and revolutions, recessions, booms and financial crises. Thirdly, the book recounts the creation of a global money space, dated to the last quarter of the 20th century, and explores its features. Fourthly, the book describes some characteristics of the new money society that inhabits the global money space. Fifthly, the book shows how each society, and indeed successive generations of the same society, has made its own unique arrangements to govern money – i.e. how it comes to terms with the power of money. The author argues that we need to develop a new arrangement now and suggests that we have much to learn from recent creative work in a number of fields ranging from the sociology of money to contemporary art. This approach sheds new light on a number of controversial issues, including the rise of crony capitalism, growing social divisions, currency wars, and asset price bubbles.

Author : R. W. Jones
Publisher : Unknown
Page : 396 pages
File Size : 49,7 Mb
Release : 1878
Category : Currency question
ISBN : SRLF:AA0005608070

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Money is Power by R. W. Jones Pdf

Author : Andrew Walter
Publisher : Unknown
Page : 296 pages
File Size : 41,9 Mb
Release : 1991
Category : International economic relations
ISBN : UCSC:32106009379006

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World Power and World Money by Andrew Walter Pdf

Author : Gwendolyn Hallsmith,Bernard Lietaer
Publisher : New Society Publishers
Page : 290 pages
File Size : 55,8 Mb
Release : 2011-05-01
Category : Business & Economics
ISBN : 9781550924770

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Creating Wealth by Gwendolyn Hallsmith,Bernard Lietaer Pdf

The power of local currencies Communities everywhere are challenged by issues such as health, elder and child care, housing, education, food security and the environment. On the surface, these problems appear to be rooted in economic crisis-forexample budget cuts have triggered reduced public services, soaring food prices have created food security concerns, and the subprime mortgage disaster has spawned record increases in foreclosures and homelessness. However if communities could match their unmet needs with their underutilized resources, many would find that while their economies may bestruggling when measured in traditional terms, they possess enough genuine wealth to allow all their inhabitants to enjoy a vastly improved quality of life. Creating Wealth demonstrates how a healthy society can beattained through developing new systems of exchange. Using creative initiatives such as time banks, systems of barter and exchange and local currencies, cities and towns can empower themselves and build vibrant, healthy, sustainable local economies. In addition to presenting many compelling case studies of successful alternative currencies in action, Creating Wealth also explores the different types of capital that communities have to draw on, including natural, built, social, human, institutional, cultural, technological, and financial. This book will appeal to community activists, city planners and other public officials, and anyone interested in developing strong local economies. Gwendolyn Hallsmith is the founder and director of Global Community Initiatives and the author of The Key to Sustainable Cities . Bernard Lietaer is the world's leading authority on complementary currencies and the author of The Future of Money .

Author : Anthony Elson
Publisher : Unknown
Page : 0 pages
File Size : 55,6 Mb
Release : 2021
Category : Electronic
ISBN : 3030835200

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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 : Barry Eichengreen,Arnaud Mehl,Livia Chitu
Publisher : Princeton University Press
Page : 272 pages
File Size : 42,7 Mb
Release : 2017-10-23
Category : Business & Economics
ISBN : 9781400888573

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How Global Currencies Work by Barry Eichengreen,Arnaud Mehl,Livia Chitu Pdf

A powerful new understanding of global currency trends, including the rise of the Chinese yuan At first glance, the modern history of the global economic system seems to support the long-held view that the leading world power’s currency—the British pound, the U.S. dollar, and perhaps someday the Chinese yuan—invariably dominates international trade and finance. In How Global Currencies Work, three noted economists provide a reassessment of this history and the theories behind the conventional wisdom. Offering a new history of global finance over the past two centuries, and marshaling extensive new data to test established theories of how global currencies work, Barry Eichengreen, Arnaud Mehl, and Livia Chiţu argue for a new view, in which several national monies can share international currency status, and their importance can change rapidly. They demonstrate how changes in technology and in the structure of international trade and finance have reshaped the landscape of international currencies so that several international financial standards can coexist. They show that multiple international and reserve currencies have in fact coexisted in the pastupending the traditional view of the British pound’s dominance prior to 1945 and the U.S. dollar’s dominance more recently. Looking forward, the book tackles the implications of this new framework for major questions facing the future of the international monetary system, from whether the euro and the Chinese yuan might address their respective challenges and perhaps rival the dollar, to how increased currency competition might affect global financial stability.