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The Geography of Money (Paperback)
Loot Price: R881
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The Geography of Money (Paperback)
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The traditional assumption holds that the territory of money
coincides precisely with the political frontiers of each nation
state: France has the franc, the United Kingdom has the pound, the
United States has the dollar. But the disparity between that simple
mental landscape and the actual organization of currency spaces has
grown in recent years, as territorial boundaries of individual
states limit currency circulation less and less. Many currencies
are used outside their "home" country for transactions either
between nations or within foreign states. In this book, Benjamin J.
Cohen asks what this new geography of money reveals about financial
and political power. Cohen shows how recent changes in the
geography of money challenge state sovereignty. He examines the
role of money and the scope of cross-border currency competition in
today's world. Drawing on new work in geography and network theory
to explain the new spatial organization of monetary relations,
Cohen suggests that international relations, political as well as
economic, are being dramatically reshaped by the increasing
interpenetration of national monetary spaces. This process, he
explains, generates tensions and insecurities as well as
opportunities for cooperation.
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