Currency Power: Understanding Monetary Rivalry Hardcover - 2015

"It is widely believed that we are moving away from a dollar-dominated global monetary system, just as we are moving away from a US-dominated global economy. But the consequences--for economics, finance, and geopolitics--remain unclear. No one is better qualified than Benjamin Cohen, the dean of international political economists, to make sense of these issues. In Currency Power, he succeeds in doing just that."--Barry Eichengreen, University of California, Berkeley

"Benjamin Cohen conceptualizes currency power as the capacity to avoid adjustment costs, either by delay or deflection--shifting these costs onto others. Read this book for its brilliant examination of currency power and get Cohen's contemporary analysis as a bonus."--Robert O. Keohane, Princeton University

"Benjamin Cohen, one of the world's foremost experts in the field and mentor to generations of accomplished scholars, draws effortlessly on a half century of expertise and experience with characteristic clarity. Comprehensive, yet nimble and distinctly argued, Currency Power is the go-to book for an overview of the vital and consequential politics of international money."--Jonathan Kirshner, author of American Power after the Financial Crisis

"In Currency Power, Benjamin Cohen addresses the potential for other currencies to rival the US dollar's dominant position in the international monetary system. Cohen has spent a career exploring the politics of international monetary relations and he knows the literature inside and out. The culmination of a life's work, this is the best book on the topic available."--J. Lawrence Broz, University of California, San Diego

"Currency Power promises to solidify Benjamin Cohen's reputation as the foundational author of what we know about currencies and their cross-border use. This is a tour de force on global monetary power and the world's currency system. It will sharpen the debate and have a lasting impact on the international political economy field for decades to come."--Carla Norrlof, University of Toronto