Currency and Coercion

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Exploring the concept of monetary power, this work delves into how states utilize international currency relationships to enhance security through coercive means. The author presents a comprehensive taxonomy of monetary power forms and identifies the conditions for their effectiveness. By analyzing historical cases from various nations throughout the twentieth century, he demonstrates the reality of monetary power, examining its influence under different regimes and the factors that drive states to employ it, revealing both its successes and failures.