“<i>Monetary Authorities</i> is a stringent, riveting account of the important role of currency controls in the expansion of US imperial rule and racial capitalism. Allan E. S. Lumba’s work incisively details how currency stabilization, economic security, financial regulation, and fiscal discipline are key normative instruments of racial subjugation, political pacification, and counter-decolonization. A crucial, powerful intervention reminding us of the politics of everyday transactions at the level of small change.” - Neferti X. M. Tadiar, author of (Remaindered Life) "Given the significance of the topic, Lumba’s book is an important contribution to the scholarly work on Philippine history, economic and business history, and the history of foreign capital and currencies. It gives us a deeper understanding of the economic underpinnings of various Philippine historical epochs and makes us reflect on the lasting impacts of the US colonial project that continues to haunt Philippine society today." - Katherine G. Lacson (Pacific Affairs) "This book would be an excellent addition to seminars that examine US empire in Asia or address the history of money and banking on a global scale. In fact, Lumba’s book shows how we can no longer understand monetary authority and capitalist rule without considering how such authority has been secured by experiments in the colonies." - Allison Truitt (Journal of Asian Studies) “[<i>Monetary Authorities</i>] is a clear-sighted, archivally rich, and erudite account of how imperial logic defined the birth of modern economic thinking in the Philippines and the US.” - Lisandro E. Claudio (Philippine Studies)