158 Pages
by
Routledge
156 Pages
by
Routledge
Today, a Great Power’s 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 country’s... Read more
Acknowledgements, Glossary, Introduction, Chapter One The origins and use of currency power, Chapter Two The pretenders to the dollar’s crown, Chapter Three The dollar and US power, Chapter Four Financial blockades: reserve currencies as instruments of coercion, Chapter Five Global trade and global currencies, Chapter Six The renminbi’s rise and Chinese politics, Chapter Seven The new shape of Asia, Chapter Eight The international monetary system: past, present …and a possible future?, Conclusion
Biography
Alan Wheatley is the global economics correspondent for Reuters based in London. During a 33-year career, he has reported from more than 70 countries and has been a foreign correspondent in Beijing, Singapore, Tokyo, Paris, Washington, New York and Frankfurt, covering macroeconomics, financial markets, central banking and trade.
