Overview

Most economists and political scientists assume that efficiency, the invisible hand, is the preeminent factor in monetary decisions; questions of power and the role it plays in monetary policy are largely neglected. This pathbreaking book redirects attention to monetary power and provides an original framework for assessing its role in relations between sovereign states. At present, states are the critical players in monetary relations; they control the production and distribution of the money supply, including the provision of international liquidity and the availability of payments financing. David M. Andrews and the contributors to this volume understand ""power"" as the capacity to alter the behavior of other actors, including the policies of other states. International Monetary Power provides a thorough overview of how money is used as a tool to achieve international political aims. Contributors: David M. Andrews, Scripps College; Benjamin J. Cohen, University of California, Santa Barbara; Scott Cooper, Brigham Young University; Eric Helleiner, University of Waterloo; C. Randall Henning, American University and the Institute for International Economics; Jonathan Kirshner, Cornell University; Louis W. Pauly, University of Toronto; Andrew Walter, London School of Economics and Political Science

Full Product Details

Author:   David M. Andrews
Publisher:   Cornell University Press
Imprint:   Cornell University Press
Dimensions:   Width: 15.50cm , Height: 2.10cm , Length: 23.50cm
Weight:   0.907kg
ISBN:  

9780801444562

ISBN 10:   080144456
Pages:   224
Publication Date:   15 July 2006
Audience:   College/higher education ,  Professional and scholarly ,  Undergraduate ,  Postgraduate, Research & Scholarly
Format:   Hardback
Publisher's Status:   Active
Availability:   To order  
Stock availability from the supplier is unknown. We will order it for you and ship this item to you once it is received by us.

Table of Contents

Introduction Part One. Power, Statecraft, and International Monetary Relations Chapter 1. Monetary Power and Monetary Statecraft by David M. Andrews Part Two. Monetary Power Chapter 2. The Macrofoundations of Monetary Power by Benjamin J. Cohen Chapter 3. Domestic Sources of International Monetary Leadership by Andrew Walter Chapter 4. Below the State: Micro-Level Monetary Power by Eric Helleiner Chapter 5. Monetary Policy Coordination and Hierarchy by David M. Andrews Part Three. Monetary Statecraft Chapter 6. The Exchange-Rate Weapon and Macroeconomic Conflict by C. Randall Henning Chapter 7. Currency and Coercion in the Twenty-First Century by Jonathan Kirshner Chapter 8. The Limits of Monetary Power: Statecraft within Currency Areas by Scott Cooper Chapter 9. Monetary Statecraft in Follower States by Louis W. Pauly Index

Reviews

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

<p> 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

<p> 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

Author Information

David M. Andrews is Professor of Politics and International Relations and Director of the European Union Center of California at Scripps College. He is coeditor of Governing the World's Money, also from Cornell, and editor of The Atlantic Alliance under Stress: US-European Relations after Iraq.

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