International Monetary Power

"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
"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."—George Shambaugh, Georgetown University
"Money and power have been objects of scholarly concern for more than 2000 years. Plato, Thucydides, Machiavelli, Adam Smith, John Maynard Keynes, and Jacob Viner all grappled with this topic. The essays in this volume will set the standard for scholarship on international monetary power in contemporary statecraft for years to come."—David Baldwin, Princeton University
"This book makes an important contribution to our understanding of international monetary relations by illuminating both the role of power in international monetary relations and the role of money in international power relations. Scholars, students, and policy makers will all benefit greatly from reading this book."—Helen V. Milner, B. C. Forbes Professor of Public and International Affairs, Chair, Department of Politics, and Director, Center for Globalization and Governance, Woodrow Wilson School, Princeton University
"This thoughtful, well-researched collection makes a substantial contribution to the understanding of important phenomena in international relations."—Timothy J. Sinclair, University of Warwick, author of The New Masters of Capital
"Globalization is partly about nations working together to satisfy their common interests, but it is also—for better or worse—about nations butting heads, seeking advantage, and exercising (or fending off) power. The cutting-edge studies collected here show how this second dynamic plays out in the monetary sphere. Part of a new wave of sophisticated power-oriented research, they tell a fascinating story. While the authors believe outright coercion has been getting harder, they see the delicate dance between monetary leaders and monetary followers continuing apace. The dance may not be pretty, but understanding the footwork is essential for any serious student of international relations—and this volume traces the steps with the sensitivity and skill of a seasoned choreographer."—Lloyd Gruber, The University of Chicago