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Published online by Cambridge University Press: 13 April 2005
This new book by one of the most distinguished seniorcontributors to scholarship on the international politicaleconomy (IPE) of money is a fascinating and ambitious effortto remap our understandings of the geography of money.Cohen argues convincingly that the prevailing mental mapbased on one nation/one money is outmoded. Monies areprimarily differentiated today not by territory but by theirfunction in a hierarchical pyramid-like arrangement; the fewcurrencies at the top are used widely internationally, whereasthose at the bottom have been displaced even within theirhome borders and may now serve only trivial administrativefunctions. The great number of theoretical and empiricalinsights into an important process of global restructuring, andthe engaging and straightforward style, should make thisbook of interest well beyond those who specialize in thesometimes dauntingly technical literature on global moneyand finance.
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