University of Chicago Press
Currency Statecraft: Monetary Rivalry and Geopolitical Ambition
Key Metrics
- Benjamin J Cohen
- University of Chicago Press
- Paperback
- 9780226587721
- 8.9 X 5.9 X 0.6 inches
- 0.57 pounds
- Business & Economics > International - Economics & Trade
- English
Secure TransactionBook Description
In a comprehensive review that ranges from World War II to the present, Cohen convincingly argues that one goal stands out as the primary motivation for currency statecraft: the extent of a country's geopolitical ambition, or how driven it is to build or sustain a prominent place in the international community. When a currency becomes internationalized, it generally increases the power of the nation that produces it. In the persistent contestation that characterizes global politics, that extra edge can matter greatly, making monetary rivalry an integral component of geopolitics. Today, the major example of monetary rivalry is the emerging confrontation between the US dollar and the Chinese renminbi. Cohen describes how China has vigorously promoted the international standing of its currency in recent years, even at the risk of exacerbating relations with the United States, and explains how the outcome could play a major role in shaping the broader geopolitical engagement between the two superpowers.
Author Bio
Professor Cohen, a specialist in international political economy, joined the department in 1991. He previously taught at Princeton University from 1964-1971 and at the Fletcher School of Law and Diplomacy at Tufts University from 1971-1991. He retired from UCSB in 2021.
His publications have addressed issues of international monetary relations, U.S. foreign economic policy, currency integration, sovereign debt, theories of economic imperialism, and the history of the discipline of international political economy. He is the author of sixteen books. His newest book, Currency Statecraft: Monetary Rivalry and Geopolitical Ambition, was published by the University of Chicago Press in 2019.
Research Interests
- International Relations, International Political Economy
- Ph.D., Columbia University, 1963
- Louis G. Lancaster Professor of International Political Economy (1991-2021)
Source: UC Santa Barbara Department of Political Science
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