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The Power of Currencies and Currencies of Power

The Power of Currencies and Currencies of Power PDF Author: Alan Wheatley
Publisher: Routledge
ISBN: 9781138452633
Category :
Languages : en
Pages : 157

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Book Description
"Cover" -- "Half Title" -- "Title" -- "Copyright" -- "Contents" -- "Acknowledgements" -- "Glossary" -- "Introduction" -- "Chapter One The origins and use of currency power" -- "Chapter Two The pretenders to the dollar's crown" -- "Chapter Three The dollar and US power" -- "Chapter Four Financial blockades: reserve currencies as instruments of coercion" -- "Chapter Five Global trade and global currencies" -- "Chapter Six The renminbi's rise and Chinese politics" -- "Chapter Seven The new shape of Asia" -- "Chapter Eight The international monetary system: past, present ... and a possible future?

The Power of Currencies and Currencies of Power

The Power of Currencies and Currencies of Power PDF Author: Alan Wheatley
Publisher: Routledge
ISBN: 9781138452633
Category :
Languages : en
Pages : 157

View

Book Description
"Cover" -- "Half Title" -- "Title" -- "Copyright" -- "Contents" -- "Acknowledgements" -- "Glossary" -- "Introduction" -- "Chapter One The origins and use of currency power" -- "Chapter Two The pretenders to the dollar's crown" -- "Chapter Three The dollar and US power" -- "Chapter Four Financial blockades: reserve currencies as instruments of coercion" -- "Chapter Five Global trade and global currencies" -- "Chapter Six The renminbi's rise and Chinese politics" -- "Chapter Seven The new shape of Asia" -- "Chapter Eight The international monetary system: past, present ... and a possible future?

The Power of Currencies and Currencies of Power

The Power of Currencies and Currencies of Power PDF Author: Alan Wheatley
Publisher:
ISBN: 9781138023604
Category : History
Languages : en
Pages : 156

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Book Description
Today, a Great Power's 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 country's economic power and helping to pay for the world's 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 dollar's 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.

The Power of Currencies and Currencies of Power

The Power of Currencies and Currencies of Power PDF Author: Alan Wheatley
Publisher: Routledge
ISBN: 1351223887
Category : History
Languages : en
Pages : 156

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Book Description
Today, a Great Power?s 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 country?s economic power and helping to pay for the world?s 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 dollar?s 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.

Currency Power

Currency Power PDF Author: Benjamin J. Cohen
Publisher: Princeton University Press
ISBN: 0691181063
Category : Business & Economics
Languages : en
Pages : 304

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Book 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 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.

How Global Currencies Work

How Global Currencies Work PDF Author: Barry Eichengreen
Publisher: Princeton University Press
ISBN: 0691191867
Category : Business & Economics
Languages : en
Pages : 272

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Book Description
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.

An International Comparison of National Products and the Purchasing Power of Currencies

An International Comparison of National Products and the Purchasing Power of Currencies PDF Author: Milton Gilbert
Publisher:
ISBN:
Category : Economic history
Languages : en
Pages : 203

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An International Comparison of National Products and the Purchasing Power of Currencies

An International Comparison of National Products and the Purchasing Power of Currencies PDF Author: Organisation for European Economic Co-operation
Publisher:
ISBN:
Category :
Languages : en
Pages : 203

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Book Description


An international comparison of national products and the purchasing power of currencies

An international comparison of national products and the purchasing power of currencies PDF Author: Milton Gilbert
Publisher:
ISBN:
Category :
Languages : en
Pages : 208

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Book Description


The Global Currency Power of the US Dollar

The Global Currency Power of the US Dollar PDF Author: Anthony Elson
Publisher: Springer Nature
ISBN: 3030835197
Category : Business & Economics
Languages : en
Pages : 205

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Book Description
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

Clash of Empires

Clash of Empires PDF Author: Charles Gave
Publisher:
ISBN: 9789889975296
Category : Currency question
Languages : en
Pages : 143

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Book Description
"The aim of this latest Gavekal book, Clash of Empires, is to think through the consequences of a world which increasingly seems to be splitting up into three separate zones, each with its own reserve currency, its own fiscal policy, its own imperial ambitions and perhaps even its own supply chains."--provided by the publisher.