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Currency Statecraft – Monetary Rivalry and Geopolitical Ambition | Chicago Scholarship Online
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Currency Statecraft: Monetary Rivalry and Geopolitical Ambition

Benjamin J. Cohen

Abstract

What is the role of currency statecraft in world politics? When a national money gains international appeal, the power resources of the issuing country are augmented. Currency statecraft is about what the country chooses to do – or not do – with its currency power. This book begins with the premise that every international money goes through a life cycle, from youth to maturity to (eventually) decline. At each stage, the supplier has three choices: to be pro-active in favor of international use, to resist internationalization, or to remain neutral. The central argument of the book is that beyo ... More

Keywords: currency statecraft, currency internationalization, currency power, international money, national identity, geopolitical ambition, dollar, renminbi

Bibliographic Information

Print publication date: 2018 Print ISBN-13: 9780226587691
Published to Chicago Scholarship Online: May 2019 DOI:10.7208/chicago/9780226587868.001.0001

Authors

Affiliations are at time of print publication.

Benjamin J. Cohen, author
University of California, Santa Barbara