Power of Currencies and Currencies of Power
Regular price
€223.20
14 days return policy
Shipping & Delivery
A01=Alan Wheatley
Age Group_Uncategorized
Age Group_Uncategorized
area
Author_Alan Wheatley
automatic-update
Banking Sanctions
Category1=Non-Fiction
Category=JW
CCP's Legitimacy
CCP’s Legitimacy
central bank reserves management
China's Capital Account
China's Grand Strategy
China’s Capital Account
COP=United Kingdom
Cross Border Trade Settlement
currency
currency power in geopolitics
Delivery_Pre-order
Di Dongsheng
Dollar's Supremacy
Dollar’s Supremacy
Dominant Reserve Currency
eq_isMigrated=2
eq_nobargain
euro
Euro Area
Exceptional Policy
Federal Reserve
financial sanctions research
Giri Rajendran
Global Banking System
global economic power
Global Financial Architecture
Global Monetary System
Harsha Vardhana Singh
IMF Bailout
international finance theory
International Monetary System
John Williamson
Language_English
monetary policy analysis
Multiple Reserve Currency System
Multipolar Currency World
Offshore Renminbi Market
PA=Temporarily unavailable
Price_€100 and above
Principal Reserve Currency
PS=Active
Renminbi's Exchange Rate
Renminbi's Internationalisation
Renminbi’s Exchange Rate
Renminbi’s Internationalisation
reserve
Reserve Currency Status
Robert B. Zoellick
soft power economics
softlaunch
status
Top International Currency
UN
Worldwide Interbank Financial Telecommunication
Yuriko Koike
Product details
- ISBN 9781138452633
- Weight: 453g
- Dimensions: 156 x 234mm
- Publication Date: 28 Jun 2017
- Publisher: Taylor & Francis Ltd
- Publication City/Country: GB
- Product Form: Hardback
- Language: English
Secure
checkout
Fast Shipping
Easy returns
Today, a Great Power‘s arsenal extends well beyond the military, embracing soft power and also currency power. The dollar dominates the global economy, used in settling trade and investment deals but also held in reserve in vast quantities by central banks in case of a payments crisis. This demand for dollars keeps US borrowing costs lower than they otherwise would be, reinforcing the country‘s economic power and helping to pay for the worlds strongest armed forces. This Adelphi sets out how the US has regularly deployed the power of the dollar to put pressure on foes such as Iran, as well as allies including the United Kingdom and Germany. Contributors, including Robert Zoellick, the former head of the World Bank, and John Williamson, a leading expert on currencies, assess how long the US will be able to maintain thisexorbitant privilege in tandem with a rising China. Beijing, sensing that the global crisis might herald the end of the dollar‘s supremacy, is eager to gain monetary power by carving out an international role for its own currency, the renminbi. The book examines the obstacles China must first overcome in its quest and the strategic consequences if it succeeds.
