Can the political institutions of the transatlantic alliance endure the demise of the Soviet enemy? Did the Iraq crisis of 2002-3 signal the final demise of the Atlantic partnership? If so, what are the likely consequences? In this book a distinguished group of political scientists and historians from Europe and the United States tackle these questions. The book examines the causes and consequences of the crisis in Atlantic relations that accompanied the invasion of Iraq in March 2003. The authors' collective focus is not on the war itself, or how it was conducted, or even the situation in Iraq either before or after the conflict. Instead, the crisis over Iraq is the starting point for an examination of transatlantic relations and specifically the Atlantic alliance, an examination that is cross-national in scope and multi-disciplinary in approach.

The Bretton Woods Conference of 1944 resulted in the formation of the International Monetary Fund and World Bank and helped lay the foundation for an unprecedented expansion of international commerce. Yet six decades later, at the beginning of the twenty-first century, the central characteristics of the Bretton Woods system remain disputed and the subject of continuing public policy debate.

Relying on extensive access to IMF, World Bank, and other archives, the contributors to Orderly Change show that the history of international monetary relations since Bretton Woods is one of "orderly change" that is, change within a sturdy but supple framework. Even during the years of fixed exchange rates, very different practices characterized international monetary relations immediately after World War II, during the 1950s, and during the 1960s. Later, when the fixed exchange-rate system collapsed, underlying commitments to trade liberalization in the context of continuing national economic policy autonomy survived and even flourished. However, the resulting international economic order is now in grave danger: the tension between states' autonomy and their mutual openness has become acute, as international monetary structures no longer appear capable of mediating between these objectives. David M. Andrews and the contributors to Orderly Change examine past transitions as a means of suggesting possible avenues for current and future policymaking.

Contributors: David M. Andrews, Scripps College; Jeffrey M. Chwieroth, London School of Economics; Lucia Coppolaro, Universitat Pompeu Fabrae; E. Richard Gold, McGill University; Eric Helleiner, University of Waterloo; Louis W. Pauly, University of Toronto; Wesley W. Widmaier, St. Joseph's University; Anastasia Xenias, Hunter College, City University of New York; Hubert Zimmermann, Cornell University"

Most economists and political scientists assume that efficiency, the invisible hand, is the preeminent factor in monetary decisions; questions of power and the role it plays in monetary policy are largely neglected. This pathbreaking book redirects attention to monetary power and provides an original framework for assessing its role in relations between sovereign states.

At present, states are the critical players in monetary relations; they control the production and distribution of the money supply, including the provision of international liquidity and the availability of payments financing. David M. Andrews and the contributors to this volume understand "power" as the capacity to alter the behavior of other actors, including the policies of other states. International Monetary Power provides a thorough overview of how money is used as a tool to achieve international political aims.

Contributors David M. Andrews, Scripps College; Benjamin J. Cohen, University of California, Santa Barbara; Scott Cooper, Brigham Young University; Eric Helleiner, University of Waterloo; C. Randall Henning, American University and the Institute for International Economics; Jonathan Kirshner, Cornell University; Louis W. Pauly, University of Toronto; Andrew Walter, London School of Economics and Political Science

The effective governance of global money and finance is under enormous stress. Deep changes over the last decade in capital markets, exchange rate systems, and government finances suggest dramatic shifts in the contours of monetary power, with tensions rising between the functional logic of international economics and the geographic logic of state-centered politics. Governing the World's Money assesses those tensions and the prospects for their peaceful resolution. Governing the World's Money surveys the frontiers of the global monetary system in ten original essays. Leading scholars of international relations and economics explore the evolution of the instruments available to policy officials for monetary governance. As they analyze the contemporary reordering of political authority in a market-oriented global economy, they open new pathways for the study of regional monetary integration and international institutional reform.