The Power Of Currencies And Currencies Of Power
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The Power Of Currencies And Currencies Of Power
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Author : Alan Wheatley
language : en
Publisher: Routledge
Release Date : 2017-10-03
The Power Of Currencies And Currencies Of Power written by Alan Wheatley and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-10-03 with History categories.
Today, a Great Powers 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 countrys economic power and helping to pay for the worlds 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 dollars 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
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Author :
language : en
Publisher:
Release Date : 2013
The Power Of Currencies And Currencies Of Power written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with categories.
Currency Power
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Author : Benjamin J. Cohen
language : en
Publisher: Princeton University Press
Release Date : 2018-04-24
Currency Power written by Benjamin J. Cohen and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-04-24 with Business & Economics categories.
Why the dollar will remain the world's most powerful currency 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.
The Power Of Money
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Author : Robert Pringle
language : en
Publisher: Springer Nature
Release Date : 2019-12-06
The Power Of Money written by Robert Pringle and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-12-06 with Business & Economics categories.
Innovation in money is just as important as innovation in any other sphere of activity; money is always a “work in progress.” In fact, history shows societies have tried out a wide diversity of monetary arrangements. Ideas about money have played key roles at crucial turning points in world history and during national histories. Recently, a new global money space has been created, a joint venture between the public and private sector. This book explores the new money society that has grown up to inhabit this new space. The book has several aims: Firstly, the book shows how beliefs about money, as well as attitudes and values towards it, have varied between societies and over time, and specifically how they have changed over the modern era. Secondly, the book shows the powerful effects that changing ideas have had on events, including wars and revolutions, recessions, booms and financial crises. Thirdly, the book recounts the creation of a global money space, dated to the last quarter of the 20th century, and explores its features. Fourthly, the book describes some characteristics of the new money society that inhabits the global money space. Fifthly, the book shows how each society, and indeed successive generations of the same society, has made its own unique arrangements to govern money – i.e. how it comes to terms with the power of money. The author argues that we need to develop a new arrangement now and suggests that we have much to learn from recent creative work in a number of fields ranging from the sociology of money to contemporary art. This approach sheds new light on a number of controversial issues, including the rise of crony capitalism, growing social divisions, currency wars, and asset price bubbles.
The Global Currency Power Of The Us Dollar
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Author : Anthony Elson
language : en
Publisher: Springer Nature
Release Date : 2021-09-15
The Global Currency Power Of The Us Dollar written by Anthony Elson and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-09-15 with Business & Economics categories.
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
An International Comparison Of National Products And The Purchasing Power Of Currencies
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Author : Milton Gilbert
language : en
Publisher:
Release Date : 1950
An International Comparison Of National Products And The Purchasing Power Of Currencies written by Milton Gilbert and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1950 with categories.
The Power Of Money
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Author : Asif Ahmed Srabon
language : en
Publisher: BookRix
Release Date : 2023-09-14
The Power Of Money written by Asif Ahmed Srabon and has been published by BookRix this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-09-14 with Business & Economics categories.
"In "The Power of Money: Unlocking Boundless Potential", author Asif Ahmed Srabon takes readers on a captivating journey through the intricate world of wealth and finance. This thought-provoking exploration delves into the historical, psychological, and societal dimensions of money, revealing how it shapes our lives and influences our decisions. With a keen eye for detail and a passion for financial wisdom, Srabon invites us to rethink our relationship with money, offering insights on investment, philanthropy, and the pursuit of true happiness. Whether you're a financial novice or an experienced investor, this book will empower you to harness the boundless potential of money for personal growth and positive change.
Purchasing Power Parities Of Currencies
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Author : D. S. Prasada Rao
language : en
Publisher: Edward Elgar Publishing
Release Date : 2009
Purchasing Power Parities Of Currencies written by D. S. Prasada Rao and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with Business & Economics categories.
This up-to-date book demonstrates how the purchasing power parities (PPPs) of currencies are being increasingly used in place of exchange rates for a variety of purposes. These include: comparisons of real income, measurements of global inequality and poverty, calculation of the human development index and assessment of nations economic performance. Despite the increasing popularity of PPPs, many users have very little appreciation of the data and methods used in their derivation. This timely monograph brings together a number of significant contributions from leading researchers in the field, offering a comprehensive review of the latest methods used in the construction and application of PPPs. The authors provide a broad overview of the current state-of-the-art both in terms of techniques as well as current practice with various international organisations. Given the increasing application of PPPs in this truly globalised world, this book will be a stimulating read for researchers and academics involved in international comparisons and development economics, general economists and economist statisticians.
How Global Currencies Work
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Author : Barry Eichengreen
language : en
Publisher: Princeton University Press
Release Date : 2017-10-23
How Global Currencies Work written by Barry Eichengreen and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-10-23 with Business & Economics categories.
A powerful new understanding of global currency trends, including the rise of the Chinese yuan At first glance, the modern history of the global economic system seems to support the long-held view that the leading world power’s currency—the British pound, the U.S. dollar, and perhaps someday the Chinese yuan—invariably dominates international trade and finance. In How Global Currencies Work, three noted economists provide a reassessment of this history and the theories behind the conventional wisdom. Offering a new history of global finance over the past two centuries, and marshaling extensive new data to test established theories of how global currencies work, Barry Eichengreen, Arnaud Mehl, and Livia Chiţu argue for a new view, in which several national monies can share international currency status, and their importance can change rapidly. They demonstrate how changes in technology and in the structure of international trade and finance have reshaped the landscape of international currencies so that several international financial standards can coexist. They show that multiple international and reserve currencies have in fact coexisted in the pastupending the traditional view of the British pound’s dominance prior to 1945 and the U.S. dollar’s dominance more recently. Looking forward, the book tackles the implications of this new framework for major questions facing the future of the international monetary system, from whether the euro and the Chinese yuan might address their respective challenges and perhaps rival the dollar, to how increased currency competition might affect global financial stability.
The Power To Coin Money
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Author : Thomas Frederick Wilson
language : en
Publisher: M.E. Sharpe
Release Date : 1992
The Power To Coin Money written by Thomas Frederick Wilson and has been published by M.E. Sharpe this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Business & Economics categories.
This book traces the history from colonial times to the present of the monetary powers exercised by the Congress under the Constitution. It follows the evolution of the American banking and monetary system from the perspective of specific provisions in the Constitution that authorize the government to coin money and regulate its value. The author critically examines how far the development of the contemporary money and banking system has pushed beyond the narrow powers spelled out in the Constitution. He shows how changes in congressional legislation, Supreme Court decisions on precedent-setting cases, and the evolution of central banking powers within the Federal Reserve System have expanded the scope of the federal government's monetary powers. Yet, the author views this history within the context of private limits to the authority of Congress and the Congress's distrust of lodging the central bank within the Executive branch, preferring instead to respect an independent central banking tradition. The Hamiltonian tradition, he concludes, still offers the best institutional arrangement to confront unstable markets and destabilizing political influence.