Description
Book SynopsisIs globalization leading us toward a world of fewer and fewer currencies and, consequently, simplified monetary management? This book argues that this view is wrong. It demonstrates that the global population of currencies is set to expand greatly, not contract, making monetary governance more difficult, not less.
Trade Review"An informative discussion of various currency arrangements, from exclusive reliance on a national currency to bimonetarism to the adoption of foreign currency as official legal tender, touching on both academic and practical arguments for each."--Richard N. Cooper, Foreign Affairs "Cohen has produced yet another excellent volume on the political economy of international monetary affairs... Like most of Cohen's scholarship, [this book] displays the author's remarkable facility with the vast breadth of issues, theories, puzzles, and esoterica associated with monetary matters, as well as a confident command of monetary policy and history."--Jonathan Kirshner, Perspectives on Politics
Table of ContentsList of Illustrations ix Acknowledgments xi Introduction xiii Abbreviations xxi One: The Changing Geography of Money 1 Two: Four Directions 33 Appendix: Tables 62 Three: Life at the Peak 67 Four: The Art of Surviva l99 Five: Follow the Leader 123 Six: Hanging Together 153 Seven: New Frontiers 179 Eight: Governing the New Geography 203 Notes 223 References 247 Index 285
