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OverviewCan the euro challenge the supremacy of the U.S. dollar as a global currency? From the time Europe’s joint money was born, many have predicted that it would soon achieve parity with the dollar or possibly even surpass it. In reality, however, the euro has remained firmly planted in the dollar’s shadow. The essays collected in this volume explain why. Because of America’s external deficits and looming foreign debt, the dollar can never be as dominant as it once was. But Europe’s money is unable to mount an effective challenge. The euro suffers from a number of critical structural deficiencies, including an anti-growth bias that is built into the institutions of the monetary union and an ambiguous governance structure that sows doubts among prospective users. As recent events have demonstrated, members of the euro zone remain vulnerable to financial crisis. Moreover, lacking a single voice, the bloc continues to punch below its weight in monetary diplomacy. The world seems headed toward a leaderless monetary order, with several currencies in contention but none clearly dominant. This collection distils the views of one of the world’s leading scholars in global currency, and will be of considerable interest to students and scholars of international finance and international political economy. Full Product DetailsAuthor: Benjamin J. Cohen (University of California, Santa Barbara, USA) , Philip Holmes (Freelance translator, UK)Publisher: Taylor & Francis Ltd Imprint: Routledge Dimensions: Width: 15.60cm , Height: 1.10cm , Length: 23.40cm Weight: 0.390kg ISBN: 9780415781503ISBN 10: 0415781507 Pages: 204 Publication Date: 25 November 2010 Audience: College/higher education , Tertiary & Higher Education , Undergraduate Format: Paperback Publisher's Status: Active Availability: In Print This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of ContentsReviewsJerry Cohen is the authoritative commentator on key currencies in the global monetary system. This collection of essays on the subject is knowledgeable, insightful, and extraordinarily timely. Andrew Walter, London School of Economics, UK The international monetary system is currently being transformed dramatically by a complicated array of economic and political pressures. Jerry Cohen remains the best guide to understanding how that system, and its key European component, is likely to evolve in coming years. The clarity of his prose matches the brilliance of his many insights. This volume deserves a prominent place on undergraduate and graduate student reading lists, but its contents will enlighten any interested reader. Louis W. Pauly, University of Toronto, Canada Benjamin Jerry Cohen learned international economics from me. I have learned international political economy from him. You will too by reading the excellent collection of papers in this volume. Peter B. Kenen, Princeton University, USA Jerry Cohen is the authoritative commentator on key currencies in the global monetary system. This collection of essays on the subject is knowledgeable, insightful, and extraordinarily timely. Andrew Walter, London School of Economics, UK The international monetary system is currently being transformed dramatically by a complicated array of economic and political pressures. Jerry Cohen remains the best guide to understanding how that system, and its key European component, is likely to evolve in coming years. The clarity of his prose matches the brilliance of his many insights. This volume deserves a prominent place on undergraduate and graduate student reading lists, but its contents will enlighten any interested reader. Louis W. Pauly, University of Toronto, Canada Benjamin Jerry Cohen learned international economics from me. I have learned international political economy from him. You will too by reading the excellent collection of papers in this volume. Peter B. Kenen, Princeton University, USA Author InformationUniversity of California, Santa Barbara, USA Tab Content 6Author Website:Countries AvailableAll regions |