"It is widely believed that we are moving away from a dollar-dominated global monetary system, just as we are moving away from a U.S.-dominated global economy. But the consequences--for economics, finance, and geopolitics--remain unclear. No one is better qualified than Benjamin Cohen, the dean of international political economists, to make sense of these issues. In Currency Power , he succeeds in doing just that." --Barry Eichengreen, University of California, Berkeley "Benjamin Cohen conceptualizes currency power as the capacity to avoid adjustment costs, either by delay or deflection--shifting these costs onto others. Read this book for its brilliant examination of currency power and get Cohen's contemporary analysis as a bonus.
" --Robert O. Keohane, Princeton University "Benjamin Cohen, one of the world's foremost experts in the field and mentor to generations of accomplished scholars, draws effortlessly on a half century of expertise and experience with characteristic clarity. Comprehensive, yet nimble and distinctly argued, Currency Power is the go-to book for an overview of the vital and consequential politics of international money." --Jonathan Kirshner, author of American Power after the Financial Crisis "In Currency Power , Benjamin Cohen addresses the potential for other currencies to rival the U.S. dollar's dominant position in the international monetary system. Cohen has spent a career exploring the politics of international monetary relations and he knows the literature inside and out. The culmination of a life's work, this is the best book on the topic available.
" --J. Lawrence Broz, University of California, San Diego " Currency Power promises to solidify Benjamin Cohen's reputation as the foundational author of what we know about currencies and their cross-border use. This is a tour de force on global monetary power and the world's currency system. It will sharpen the debate and have a lasting impact on the international political economy field for decades to come." --Carla Norrlof, University of Toronto.