Currency Power : Understanding Monetary Rivalry (Record no. 26665)

000 -LEADER
fixed length control field 02102nam a22001577a 4500
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
ISBN 9780691167855
082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER
Classification number 332.042
100 ## - MAIN ENTRY--AUTHOR NAME
Personal name Cohen, Benjamin J.
245 ## - TITLE STATEMENT
Title Currency Power : Understanding Monetary Rivalry
Statement of responsibility Benjamin J. Cohen
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Place of publication Princeton, New Jersey
Name of publisher Princeton University Press
Year of publication 2015
300 ## - PHYSICAL DESCRIPTION
Number of Pages xiv,286 Pages
Other physical details 24x16 cm
-- HB
505 ## - FORMATTED CONTENTS NOTE
Formatted contents note Include Reference and Index
520 ## - SUMMARY, ETC.
Summary, etc "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."
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical Term Money--Political aspects
-- Dollar, American
-- Renminbi
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Koha item type Books
Holdings
Withdrawn status Lost status Permanent Location Current Location Shelving location Date acquired Source of acquisition Full call number Accession Number Koha item type
    Garrison Public Library Multan Garrison Public Library Multan General Stacks 2017-04-04 CRV/GPLM/Pak Book 332.042 C678C 2015 32292 Books

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