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The Future of Money by Benjamin J. Cohen (Paperback, 2006)

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Here is the definitive book on the contemporary and likely future politics of global money. Well researched and well written, it provides a comprehensive overview of the theory and practice of international monetary relations.

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Is globalization leading us toward a world of fewer and fewer currencies and, consequently, simplified monetary management? Many specialists believe this is the case, as the territorial monopolies national governments have long claimed over money appears to be eroding. In The Future of Money, Benjamin Cohen argues that this view--which he calls the Contraction Contention --is wrong. Rigorously argued, written with extraordinary clarity, and thoroughly up-to-date, this book demonstrates that the global population of currencies is set to expand greatly, not contract, making monetary governance more difficult, not less. At the book's core is an innovative theoretical model for understanding the strategic preferences of states in monetary management. Should governments defend their traditional monetary sovereignty, or should they seek some kind of regional consolidation of currencies? The model offers two broad advances. First, whereas most scholarly work evaluates strategic options individually or in comparison to just one other alternative, this model emphasizes the three-dimensional nature of the decisions involved.Second, the model emphasizes degrees of currency regionalization as a central determinant of state preferences. Cohen also systematically explores the role of the private sector as an alternative source of money. The book concludes with two key policy proposals. First, fiscal policy should be resurrected as a tool of macroeconomic management, to offset the present-day erosion in the effectiveness of monetary policy. Second, the International Monetary Fund should more actively help coordinate the decentralized strategic decision-making of governments. The future of money will be perilous. But, by mapping out the alternative policies countries can follow, The Future of Money shows it need not be chaotic.

Product Identifiers

Publisher
Princeton University Press
ISBN-13
9780691116662
eBay Product ID (ePID)
95802079

Product Key Features

Author
Benjamin J. Cohen
Publication Name
The Future of Money
Format
Paperback
Language
English
Subject
Economics
Publication Year
2006
Type
Textbook
Number of Pages
320 Pages

Dimensions

Item Height
235mm
Item Width
152mm
Item Weight
482g

Additional Product Features

Title_Author
Benjamin J. Cohen
Country/Region of Manufacture
United States

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item 1 The Future of Money by Benjamin J. Cohen (English) Paperback Book
AU $116.23
Free postage
item 2 Benjamin J. Cohen The Future of Money (Paperback) (US IMPORT)
AU $123.85
Free postage

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Picture 1 of 1

The Future of Money by Benjamin J. Cohen (Paperback, 2006)

About this product

Product Information

Product Identifiers

Product Key Features

Dimensions

Additional Product Features

All listings for this product

item 1 The Future of Money by Benjamin J. Cohen (English) Paperback Book

item 2 Benjamin J. Cohen The Future of Money (Paperback) (US IMPORT)

Best Selling in School Textbooks & Study Guides

Self-Made Man: My Year Disguised as a Man by Norah Vincent (Paperback, 2006)

The Big Book of Catapult and Trebuchet Plans! by Ron L Toms (Paperback, 2010)

Tracks, Scats and Other Traces: Reissue by Barbara Triggs (Paperback, 2004)

Charles Hanon: The Virtuoso Pianist In Sixty Exercises For The Piano (Book I) by Hal Leonard Corporation (Paperback, 1986)

Step-by-step Drawing Book by Fiona Watt (Paperback, 2014)

Save on School Textbooks & Study Guides

Secret Teachings of All Ages: An Encyclopedic Outline of Masonic, Hermetic, Qabb

Bindi: Winner of the Daisy Utemorrah Award by Kirli Saunders (Paperback) FREE Sh

The Things You Can See Only When You Slow Down: How to be Calm in a Busy World

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