Abstract
Ample evidence exists to suggest that the distribution of power in international monetary affairs is changing. But where does monetary power now reside, and what are the implications for governance of the international monetary system? On these questions, uncertainty reigns. The aim of this essay is to shed some new light on the dynamics of power and rule setting in global finance today.
This paper first appeared in: International Affairs: Vol. 84, No. 3 (2008).
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Cohen, B.J. (2012). The International Monetary System: Diffusion and Ambiguity. In: Fels, E., Kremer, JF., Kronenberg, K. (eds) Power in the 21st Century. Global Power Shift. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-25082-8_11
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DOI: https://doi.org/10.1007/978-3-642-25082-8_11
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