Preface 1. Introduction: The Enigmatic Longevity of the Dollar Standard The Inadequacy of Conventional Economic Explanations The State Theory of World Money Existing Political Explanations of Dollar Hegemony An Overview 2. Money and Historical Capitalism: From Silver to Gold American Silver and the Price Revolution: East and West Money, Interstate Competition, and Capitalism in Europe Money, the Imperial State, and the Market Without Capitalism in China World Hegemony and World Money Part I. The Military Foundation of Dollar Hegemony 3. The Dollar Standard: From Gold to Fiat The Rise of the Dollar-Gold Standard, 1913-56 The Tyranny and End of the Gold Standard, 1879-1971 The Fiat Dollar Standard After 1971: Declared Dead but Never Died 4. The Cold War Dollar-Security Nexus Is the USD a "Negotiated Currency" After Bretton Woods? Bretton Woods's Foundation: Guns Instead of Gold Rise of the Petrodollar 5. The Currency of American Power After the Cold War Post-Cold War Challenges to the Dollar: Europe, Iraq, and Japan The Dollar's Grip Through Technology and Crises Measuring the Dollar-Security Nexus and Its Erosion Part II. Contradictions of Dollar Hegemony 6.
US Domestic Politics vs. USD Global Supply US Economic Crisis and the End of Bretton Woods The Inflation vs. Unemployment Dilemma in Economic Theories Monetary Politics as Class War Inter-Capitalist Conflict and Monetary Policy Swings 7. The Dollar Peril to Global Development The Global Development Cycle The Dollar Cycle as Developmental Context Discontents from the Developing World Part III. China and the Future of Dollar Hegemony 8. China's Rise in the Dollar System The Genesis of the China Boom "Chimerica" China as a Capital Exporter 9. The China Challenge That Never Is Financial Closure and RMB Inconvertibility The Struggle to Internationalize the RMB The Challenge of Capital Flight A Chinese-Russian De-Dollarization Alliance? 10. Conclusion: Conflicting Tendencies and Future Scenarios The Military Foundation of World Money: From Bullion to Fiat Currency Dollar Weaponization, Trump II, and Plausible Futures Acknowledgments Notes Data Sources and References Index.