Debenhams

Paul Bowles

National Currencies and Globalization : Endangered Specie?...

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At a Glance
Examines future of money
224-page comprehensive academic study
Explores neoliberal financial forces
Critical theory perspective
Description

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...

SKU: M9780415663670
Product Details & Care

Binding: Paperback;224 pages; Publisher: Taylor & Francis Ltd (Sales); Classification: KC; Weight: 530 g; Dimensions: 234 x 156

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