27.02.2013 Views

Politics and International Relations 2011 (UK) - Routledge

Politics and International Relations 2011 (UK) - Routledge

Politics and International Relations 2011 (UK) - Routledge

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

72<br />

New<br />

iNterNAtioNAl PoliticAl ecoNomy<br />

The Future of Global<br />

Currency<br />

The Euro Versus the Dollar<br />

Benjamin J. Cohen, University of California, Santa<br />

Barbara, USA<br />

Can the euro challenge the<br />

supremacy of the U.S. dollar as<br />

a global currency? From the<br />

time Europe’s joint money was<br />

born, many have predicted that<br />

it would soon achieve parity<br />

with the dollar or possibly even<br />

surpass it. In reality, however,<br />

the euro has remained firmly<br />

planted in the dollar’s shadow.<br />

The essays collected in this<br />

volume explain why. Because of<br />

America’s external deficits <strong>and</strong><br />

looming foreign debt, the dollar can never be as<br />

dominant as it once was. But Europe’s money is unable<br />

to mount an effective challenge. The euro suffers from a<br />

number of critical structural deficiencies, including an<br />

anti-growth bias that is built into the institutions of the<br />

monetary union <strong>and</strong> an ambiguous governance structure<br />

that sows doubts among prospective users. As recent<br />

events have demonstrated, members of the euro zone<br />

remain vulnerable to financial crisis. Moreover, lacking a<br />

single voice, the bloc continues to punch below its<br />

weight in monetary diplomacy. The world seems headed<br />

toward a leaderless monetary order, with several<br />

currencies in contention but none clearly dominant.<br />

This collection distils the views of one of the world’s<br />

leading scholars in global currency, <strong>and</strong> will be of<br />

considerable interest to students <strong>and</strong> scholars of<br />

international finance <strong>and</strong> international political economy.<br />

Selected Contents: Introduction Part 1: The Global<br />

Currency System 1. Life at the Top: <strong>International</strong><br />

Currencies in the Twenty-First Century 2. The Euro <strong>and</strong><br />

Transatlantic <strong>Relations</strong> Part 2: The Euro Challenge 3. EMU<br />

<strong>and</strong> the Dollar: Who Threatens Whom? 4. Global Currency<br />

Rivalry: Can The Euro Ever Challenge the Dollar?<br />

5. Enlargement <strong>and</strong> the <strong>International</strong> Role of the Euro 6. The<br />

Euro in a Global Context: Challenges <strong>and</strong> CapacitiesDollar<br />

Dominance, Euro Aspirations: Recipe for Discord? 7. Dollar<br />

Dominance, Euro Aspirations: Recipe for Discord?<br />

Part 3: Glimpses of the Future 8. A One-<strong>and</strong>-a-Half<br />

Currency System 9. Toward a Leaderless Currency System<br />

10. The <strong>International</strong> Monetary System: Diffusion <strong>and</strong><br />

Ambiguity<br />

November 2010: 234 x 156: 208pp<br />

Hb: 978-0-415-78149-7: £90.00<br />

Pb: 978-0-415-78150-3: £24.99<br />

eBook: 978-0-203-83380-3<br />

For more information, visit:<br />

www.routledge.com/9780415781503<br />

Global Finance in Crisis<br />

The <strong>Politics</strong> of <strong>International</strong> Regulatory<br />

Change<br />

Edited by Eric Helleiner <strong>and</strong> Stefano Pagliari, both<br />

at University of Waterloo, Canada <strong>and</strong><br />

Hubert Zimmermann, Heinrich Heine University,<br />

Germany<br />

Series: Warwick Studies in Globalisation<br />

’How did we get to here?<br />

How did finance become so<br />

globalized, while those who<br />

regulate it became so<br />

fragmented? This excellent<br />

set of essays offers both an<br />

overview <strong>and</strong> a challenge to<br />

those interested in<br />

underst<strong>and</strong>ing the different<br />

institutions which regulate<br />

global finance. The<br />

contributors present the<br />

different corners of the<br />

world of financial regulation, including<br />

transnational networks, private sector<br />

arrangements, struggles of national interest,<br />

regional institutions <strong>and</strong> inter-governmental<br />

forums. The contributors sharply differ in how<br />

global finance will be transformed by the current<br />

crisis. Their differences give us a fascinating map to<br />

use in tracking current shifts in global financial<br />

regulation.’ - Ngaire Woods, University College,<br />

University of Oxford, <strong>UK</strong><br />

Selected Contents: Part 1: Issues <strong>and</strong> Structures<br />

Part 2: Countries <strong>and</strong> Regions<br />

2009: 234 x 156: 216pp<br />

Hb: 978-0-415-56437-3: £90.00<br />

Pb: 978-0-415-56438-0: £29.99<br />

For more information, visit:<br />

www.routledge.com/9780415564380<br />

Beyond States <strong>and</strong> Markets<br />

The Challenges of Social Reproduction<br />

Edited by Isabella Bakker, York University, Canada<br />

<strong>and</strong> Rachel Silvey, University of Toronto, Canada<br />

Series: RIPE Series in Global Political Economy<br />

Exploring difficult <strong>and</strong> crucial<br />

aspects of the transnational<br />

gender politics of globalization,<br />

this book provides a unique <strong>and</strong><br />

valuable introduction to the<br />

history of the concept of social<br />

reproduction from an<br />

inter-disciplinary perspective.<br />

2008: 234 x 156: 224pp<br />

Hb: 978-0-415-77585-4: £90.00<br />

Pb: 978-0-415-77586-1: £25.99<br />

eBook: 978-0-203-92849-3<br />

For more information, visit:<br />

www.routledge.com/9780415775861<br />

Global Economy Contested<br />

Power <strong>and</strong> Conflict across the <strong>International</strong><br />

Division of Labour<br />

Edited by Marcus Taylor, Queen’s University,<br />

Canada<br />

Series: Rethinking Globalizations<br />

Emphasizing the social<br />

processes that underpin the<br />

global economy <strong>and</strong><br />

demonstrating how the uneven<br />

effects of global economic<br />

integration impact upon actors<br />

this book also underlines the<br />

reciprocal effects that<br />

reconfigure the terrain of global<br />

accumulation.<br />

2008: 234 x 156: 272pp<br />

Hb: 978-0-415-77548-9: £90.00<br />

Pb: 978-0-415-77549-6: £24.99<br />

eBook: 978-0-203-92724-3<br />

For more information, visit:<br />

www.routledge.com/9780415775496<br />

ForthcomiNg<br />

Bilderberg People<br />

Elite Power <strong>and</strong> Consensus in World <strong>Politics</strong><br />

Ian Richardson, Andrew Kakabadse, Cranfield<br />

University, <strong>UK</strong> <strong>and</strong> Nada Kakabadse<br />

Bilderberg People explores the hidden mechanisms of<br />

influence at work in the private world, <strong>and</strong> personal<br />

interactions, of the transnational power elite. It is not<br />

concerned with conspiracy theories; instead it is about<br />

certain fundamental forces that shape the world in<br />

which we live. These forces, with their power to bring<br />

about transitions in emotion <strong>and</strong> preference within, <strong>and</strong><br />

beyond, the elite community have potentially profound<br />

implications for all of us.<br />

Through exclusive interviews with attendees of the most<br />

prestigious of all informal transnational networks –<br />

Bilderberg – this book provides a unique insight into the<br />

networking habits <strong>and</strong> motivations of the world’s most<br />

powerful people. Moreover, it demonstrates that elite<br />

consensus is not simply a product of collective common<br />

sense among the elite group; rather, it is a consequence<br />

of subtle power relationships within the elite circle.<br />

These relationships, which are embedded in the very<br />

fabric of elite institutions <strong>and</strong> interactions, result in a<br />

particular br<strong>and</strong> of enlightened thinking within the elite<br />

community. For the very first time, <strong>and</strong> through<br />

observance of strict anonymity, the personal accounts of<br />

transnational elite participants shed light on the critical<br />

question of who runs the world <strong>and</strong> why they run it the<br />

way they do.<br />

Selected Contents: Introduction 1. Transnationalism <strong>and</strong><br />

the Transnational Elite 2. Transnational Elite Interactions<br />

3. Elite Collaboration 4. Transnational Networks<br />

5. Consensus Formation 6. The Seductive Lure of Elite<br />

Membership 7. The Future of the Transnational Elite<br />

8. Conclusion<br />

June <strong>2011</strong>: 198 x 129: 208pp<br />

Hb: 978-0-415-57634-5: £80.00<br />

Pb: 978-0-415-57635-2: £20.99<br />

For more information, visit:<br />

www.routledge.com/9780415576352<br />

complimentary exam copy e-inspection New in Paperback companion Website

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!