The Future of Money Paperback - 2006

From the jacket flap

"Jerry Cohen is without peer as a scholar working at the crossroads of international economics and international relations. 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. Specialists will discover original and iconoclastic insights. Undergraduate and graduate students will find an exceptionally clear and accessible presentation of an important and multifaceted subject. Practitioners will benefit from provocative and convincing forecasts. Highly recommended."--Louis W. Pauly, Canada Research Chair and Director, Centre for International Studies, University of Toronto

"Cohen knows both economics and political science intimately and fuses them skillfully. "The Future of Money" is both a definitive analytical survey of the money question today and a judicious synthesis of the increasingly complex challenges facing policymakers in a globalizing world. Whether dealing with the fashion for dollarization, real world examples of how governments-from the leading currency countries to the most powerless-have tried to cope, or the growing impact of private market actors, electronic currencies, and the like, Cohen demonstrates a mastery of both empirical detail and theoretical analysis. And the book is full of common sense, too."--Philip Cerny, University of Manchester

"Benjamin J. Cohen's third major work on the political economy of international monetary affairs addresses another major issue confronting the international community: how to stabilize and govern an international monetary system composed of severalcompeting national currencies. Professor Cohen presents and analyzes a number of mechanisms available to the international community to prevent monetary collapse and anarchy. However, as he emphasizes, the choice of a stabilizing mechanism rests on the political as well as economic interests of the major economic powers. Cohen's knowledge, insights, and wisdom will be of immense value to the creators of a more stable and efficient international monetary system. This book should also be of interest to scholars, government officials, and others interested in the future of international monetary affairs."--Robert Gilpin, Princeton University

"This book is an outstanding addition to the literature. It uses a neat analytical framework to synthesize and analyze a vast, disparate body of research, including work in both economics and political science, and raises important questions about the evolution of money and monetary arrangements."--Peter B. Kenen, Princeton University, author of "The International Financial Architecture

"Benjamin Cohen has written an important book about a compelling question of modern political economics: how many currencies will there be, and what arrangement will govern them? Unusually well written, this is a book I will assign to my students."--Dennis Quinn, Georgetown University