Apr 14, 2022
In last week's episode, we discussed China's ambition to replace
the dollar as the world's global currency. In this episode,
Benjamin J. Cohen of UCSB takes the conversation a step further as
we discuss how the US became the dominant international currency,
why China would need to implement democractic reforms to take its
place, and why this is unlikely to happen.
Benjamin's book, "Currency Statecraft: Monetary Rivalry and
Geopolitical Ambition" lays the groundwork for our
conversation.
You can purchase it direct from the publisher here: https://press.uchicago.edu/ucp/books/book/chicago/C/bo29141097.html