Currency and Coercion


Book Description

Jonathan Kirshner here examines how states can and have used international currency relationships and arrangements as instruments of coercive power for the advancement of state security. Kirshner lays the groundwork for the study of what he calls monetary power by providing a taxonomy of the forms that such power can take and of the conditions under which it can have effect. He then establishes the actual existence of monetary power by showing how the taxonomy is supported by the historical record, including cases from nations from all over the globe and throughout the twentieth century. He uncovers how monetary power is affected by different monetary regimes, the sources of its success and failure, and the factors that lead states to turn to its use. Kirshner thus succeeds in developing a generalized framework for the analysis of an important yet neglected form of state power that is likely to be of increasing importance in the post-Cold War era. Although some distinguished scholars have touched on the issue of monetary power, there has been until now no standard text on the subject. Integrating security studies and international political economy, this book is a timely synthesis that will be important to the entire discipline of international relations.




Handbook of Research on Theory and Practice of Financial Crimes


Book Description

Black money and financial crime are emerging global phenomena. During the last few decades, corrupt financial practices were increasingly being monitored in many countries around the globe. Among a large number of problems is a lack of general awareness about all these issues among various stakeholders including researchers and practitioners. The Handbook of Research on Theory and Practice of Financial Crimes is a critical scholarly research publication that provides comprehensive research on all aspects of black money and financial crime in individual, organizational, and societal experiences. The book further examines the implications of white-collar crime and practices to enhance forensic audits on financial fraud and the effects on tax enforcement. Featuring a wide range of topics such as ethical leadership, cybercrime, and blockchain, this book is ideal for policymakers, academicians, business professionals, managers, IT specialists, researchers, and students.




International Monetary Power


Book Description

This book provides a thorough overview of how money is used as a tool to achieve international political aims.




Coercion


Book Description

Noted media pundit and author of Playing the Future Douglas Rushkoff gives a devastating critique of the influence techniques behind our culture of rampant consumerism. With a skilled analysis of how experts in the fields of marketing, advertising, retail atmospherics, and hand-selling attempt to take away our ability to make rational decisions, Rushkoff delivers a bracing account of media ecology today, consumerism in America, and why we buy what we buy, helping us recognize when we're being treated like consumers instead of human beings.




The Future of the Dollar


Book Description

For half a century, the United States has garnered substantial political and economic benefits as a result of the dollar's de facto role as a global currency. In recent years, however, the dollar's preponderant position in world markets has come under challenge. The dollar has been more volatile than ever against foreign currencies, and various nations have switched to non-dollar instruments in their transactions. China and the Arab Gulf states continue to hold massive amounts of U.S. government obligations, in effect subsidizing U.S. current account deficits, and those holdings are a point of potential vulnerability for American policy. What is the future of the U.S. dollar as an international currency? Will predictions of its demise end up just as inaccurate as those that have accompanied major international financial crises since the early 1970s? Analysts disagree, often profoundly, in their answers to these questions. In The Future of the Dollar, leading scholars of dollar's international role bring multidisciplinary perspectives and a range of contrasting predictions to the question of the dollar's future. This timely book provides readers with a clear sense of why such disagreements exist and it outlines a variety of future scenarios and the possible political implications for the United States and the world.




Currency Power


Book Description

Why the dollar will remain the world's most powerful currency Monetary rivalry is a fact of life in the world economy. Intense competition between international currencies like the US dollar, Europe's euro, and the Chinese yuan is profoundly political, going to the heart of the global balance of power. But what exactly is the relationship between currency and power, and what does it portend for the geopolitical standing of the United States, Europe, and China? Popular opinion holds that the days of the dollar, long the world’s dominant currency, are numbered. By contrast, Currency Power argues that the current monetary rivalry still greatly favors America’s greenback. Benjamin Cohen shows why neither the euro nor the yuan will supplant the dollar at the top of the global currency hierarchy. Cohen presents an innovative analysis of currency power and emphasizes the importance of separating out the various roles that international money might have. After systematically exploring the links between currency internationalization and state power, Cohen turns to the state of play among today’s top currencies. The greenback, he contends, is the "indispensable currency"—the one that the world can’t do without. Only the dollar is backed by all the economic and political resources that make a currency powerful. Meanwhile, the euro is severely handicapped by structural defects in the design of its governance mechanisms, and the yuan suffers from various practical limitations in both finance and politics. Contrary to today’s growing opinion, Currency Power demonstrates that the dollar will continue to be the leading global currency for some time to come.




Taxing Africa


Book Description

Taxation has been seen as the domain of charisma-free accountants, lawyers and number crunchers – an unlikely place to encounter big societal questions about democracy, equity or good governance. Yet it is exactly these issues that pervade conversations about taxation among policymakers, tax collectors, civil society activists, journalists and foreign aid donors in Africa today. Tax has become viewed as central to African development. Written by leading international experts, Taxing Africa offers a cutting-edge analysis on all aspects of the continent's tax regime, displaying the crucial role such arrangements have on attempts to create social justice and push economic advancement. From tax evasion by multinational corporations and African elites to how ordinary people navigate complex webs of 'informal' local taxation, the book examines the potential for reform, and how space might be created for enabling locally-led strategies.




Monetary Orders


Book Description

The inescapable politics of money / Jonathan Kirshner -- Ideology, power, and the rise of independent monetary institutions in emerging economies / Ilene Grabel -- The southern side of embedded liberalism: the politics of postwar monetary policy in the third world / Eric Helleiner -- When do states abandon monetary discretion? Lessons from the evolution of the CFA Franc zone / David Stasavage -- National strategy and national money: politics and the end of the Ruble zone, 1991-94 / Rawi Abdelal -- The political economy of currency boards: Argentina in historical and comparative perspective / Hector E. Schamis -- China's exchange rate policy in the aftermath of the Asian financial crisis / Hongying Wang -- Internationalization of the Yen and the new politics of money insulation / William W. Grimes -- Ideas, power, and the politics of U.S. international monetary policy during the 1960s / Francis Gavin -- Franco-German interests in European monetary integration: the search for autonomy and acceptance / Michele Chang -- The political power of financial ideas: transparency, risk, and distribution in global finance / Mark Blyth -- Explaining choices about money: disentangling power, ideas, and conflict / Jonathan Kirshner.




Jane Mansbridge


Book Description

Jane Mansbridge’s intellectual career is marked by field-shifting contributions to democratic theory, feminist scholarship, political science methodology, and the empirical study of social movements and direct democracy. Her work has fundamentally challenged existing paradigms in both normative political theory and empirical political science and launched new lines of scholarly inquiry on the most basic questions of the discipline: the sort of equality democracy needs, the goods of political participation, the nature of power, the purposes of deliberation, the forms of political representation, the obstacles to collective action, and the inescapable need for coercion. The editor has focused on work in three key areas: Participation and power Mansbridge’s early work on participatory democracy generated a key insight that has informed all of her subsequent work: the kind of equality we need to legitimate decisions under circumstances of common interests (equal respect) differs from the kind of equality we need when interests conflict (equal power). Deliberation and representation In the chapters in this section, Mansbridge adds nuance to democratic theory by disaggregating different modes of political representation and explicating the ways in which each can contribute to the deliberative, aggregative and expressive functions of democratic institutions. Legitimate coercion Mansbridge exemplifies a collaborative spirit through the practice of deliberative co-authorship, through which she and colleagues construct a taxonomy of procedures that can legitimize enforceable collective decisions. Essential reading for anyone interested in liberal conceptions of equality, participation, representation, deliberation, power and coercion.




The Power of Currencies and Currencies of Power


Book Description

Today, a Great Powers arsenal extends well beyond the military, embracing soft power and also currency power. The dollar dominates the global economy, used in settling trade and investment deals but also held in reserve in vast quantities by central banks in case of a payments crisis. This demand for dollars keeps US borrowing costs lower than they otherwise would be, reinforcing the countrys economic power and helping to pay for the worlds strongest armed forces. This Adelphi sets out how the US has regularly deployed the power of the dollar to put pressure on foes such as Iran, as well as allies including the United Kingdom and Germany. Contributors, including Robert Zoellick, the former head of the World Bank, and John Williamson, a leading expert on currencies, assess how long the US will be able to maintain this exorbitant privilege in tandem with a rising China. Beijing, sensing that the global crisis might herald the end of the dollars supremacy, is eager to gain monetary power by carving out an international role for its own currency, the renminbi. The book examines the obstacles China must first overcome in its quest and the strategic consequences if it succeeds.