Most economists and political scientists assume that efficiency, the invisible hand, is the preeminent factor in monetary decisions; questions of power and the role it plays in monetary policy are largely neglected. This pathbreaking book redirects attention to monetary power and provides an original framework for assessing its role in relations between sovereign states. At present, states are the critical players in monetary relations; they control the production and distribution of the money supply, including the provision of international liquidity and the availability of payments financing. David M. Andrews and the contributors to this volume understand "power" as the capacity to alter the behavior of other actors, including the policies of other states. International Monetary Power provides a thorough overview of how money is used as a tool to achieve international political aims.
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This book provides a thorough overview of how money is used as a tool to achieve international political aims.
IntroductionPart One. Power, Statecraft, and International Monetary RelationsChapter 1. Monetary Power and Monetary Statecraft by David M. AndrewsPart Two. Monetary PowerChapter 2. The Macrofoundations of Monetary Power by Benjamin J. CohenChapter 3. Domestic Sources of International Monetary Leadership by Andrew WalterChapter 4. Below the State: Micro-Level Monetary Power by Eric HelleinerChapter 5. Monetary Policy Coordination and Hierarchy by David M. AndrewsPart Three. Monetary StatecraftChapter 6. The Exchange-Rate Weapon and Macroeconomic Conflict by C. Randall HenningChapter 7. Currency and Coercion in the Twenty-First Century by Jonathan KirshnerChapter 8. The Limits of Monetary Power: Statecraft within Currency Areas by Scott CooperChapter 9. Monetary Statecraft in Follower States by Louis W. PaulyIndex
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"The political dimension of international monetary affairs is an important, but generally neglected, component of world politics. The authors of this excellent volume have elucidated the micro and macro aspects of this complex subject. Their book adds greatly to the understanding of the theory, conduct, and political consequences of international monetary affairs. Particularly notable features of this volume are the clarity of the writing and the theoretical foundations of this complex subject. The volume is intellectually accessible both to novices in the field and to established scholars in political economy."—Robert Gilpin, author of Global Political Economy
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International Monetary Power is an ambitious book that addresses one of the most central aspects of international relations-power-and applies insights about the nature of power to monetary policy and international monetary relations. This well-written book will be influential because of its unique mission, its accessibility, and its sophistication.
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A series edited by Eric Helleiner and Jonathan Kirshner
Money is ubiquitous in human affairs. The uses to which money are put are not only economic but also political, social and cultural. Cornell Studies in Money features books that explore the diversity of money, past, present and future, as well as those that examine money and finance and their management both as an economic phenomenon and as a political, geographical, social and cultural fact. Topics of interest include (but are not limited to): •International financial institutions such as the IMF, World Bank and BIS •Monetary phenomena as sources of historical, political and social change •International political implications of the Euro and of currency competition more broadly •The role of money and monetary policy in economic reform, development and transitions •Macroeconomic diplomacy and exchange rate coordination •Financial crises and their management •Political and social consequences of capital mobility and financial globalization Please send inquiries to: Eric Helleiner (ehellein@uwaterloo.ca) and Jonathan Kirshner (jonathan.kirshner@bc.edu). Series Editors Eric Helleiner is CIGI Chair in International Governance and Professor of Political Science at the University of Waterloo. Jonathan Kirshner is Professor of Political Science and International Studiesat Boston College.
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Produktdetaljer

ISBN
9780801444562
Publisert
2006
Utgiver
Vendor
Cornell University Press
Vekt
907 gr
Høyde
235 mm
Bredde
155 mm
Dybde
21 mm
Aldersnivå
01, UU, UP, P, 05, 06
Språk
Product language
Engelsk
Format
Product format
Innbundet

Redaktør

Biographical note

David M. Andrews is Professor of Politics and International Relations and Director of the European Union Center of California at Scripps College. He is coeditor of Governing the World's Money, also from Cornell, and editor of The Atlantic Alliance under Stress: US-European Relations after Iraq.