Understanding Monetary Rivalry Cohen, Benjamin J. creator author. text bibliography nju 2015 2015 monographic eng

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xiv, 286 pages : illustrations ; 24 cm "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." --Jacket flap. Introduction -- International currency -- Power analysis -- Monetary power -- From currency to power -- From power to currency -- Currency competition today (with Tabitha m. Benney) -- The dollar : power undiminished -- The euro : power unrealized -- The yuan : power unstoppable? -- Summing up. Benjamin J. Cohen. Includes bibliographical references (pages 257-274) and index. Money Political aspects Dollar, American Euro Renminbi Dollar, American Euro Money Political aspects Renminbi Pengar politiska aspekter Euro Monnaie Monnaies internationales Dollar UE/CE Euro Système monétaire international 332.042 C.B.C 9780691167855 0691167850 2015941309 BTCTA 150514 20260820100357.0 ocn908083896 eng