Globalization and money - two concepts inextricably linked. In many
ways the speed with which financial resources traverse the globe,
the opportunities which this provides for the efficient allocation
of resources, the possibilities which this creates for financial
crises and traders who act as agents removed from the concerns of
national citizens have come to symbolize the phenomenon, hopes and
fears of 'globalization'.
However, inextricably linked they may be, but well understood
they are not. In the case of national currencies, a wide variety of
predictions and analyses can be found. For some, national
currencies represent barriers to a seamless global economy. Others
argue that national currencies will disappear due to the power of
international financial markets which will force national
governments to adopt more credible currencies and abandon their
own. In contrast, others see imperialism or regionalism as the main
challenges.
Paul Bowles provides an innovative and systematic analysis of
the implications of theories of globalization for national
currencies. He critically examines whether, as a result, the world
is heading for fewer currencies. He argues that the main 'force of
globalization' which is endangering national currencies is that of
globalization as 'neoliberal globalism'. However there is no single
neoliberal position on money and so the 'contingent' nature of
neoliberalism explains why this particular force of globalization
operates more strongly in some countries than others. This is
demonstrated in case studies of four systemically significant
currencies, namely, those of Australia, Canada, Mexico and
Norway.
National Currencies and Globalizationwill be of interest to
researchers and students of International Political Economy,
Politics, Economics and Finance.
General
Imprint: |
Routledge
|
Country of origin: |
United Kingdom |
Series: |
RIPE Series in Global Political Economy |
Release date: |
December 2007 |
First published: |
December 2007 |
Authors: |
Paul Bowles
|
Dimensions: |
234 x 156mm (L x W) |
Format: |
Hardcover
|
Pages: |
224 |
Edition: |
New |
ISBN-13: |
978-0-415-77427-7 |
Categories: |
Books >
Business & Economics >
Economics >
General
|
LSN: |
0-415-77427-6 |
Barcode: |
9780415774277 |
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