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Benjamin J. Cohen

Benjamin J. Cohen

15 commentaries

Benjamin J. Cohen, Distinguished Professor Emeritus of International Political Economy at the University of California, Santa Barbara, is the author of Currency Statecraft: Monetary Rivalry and Geopolitical Ambition.

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  1. The Bonfire of the Currencies?
    op_bjcohen2_Martin PooleGetty Images_usdfire Martin Poole/Getty Images

    The Bonfire of the Currencies?

    Oct 29, 2021 Benjamin J. Cohen reviews books by two leading economists on what the future holds for currencies and payment systems.

  2. The Pandemic Is Shaking the Dollar’s Supremacy
    bjcohen13_ANTHONY WALLACEAFP via Getty Images_tornUSDdollar Anthony Wallace/AFP via Getty Images

    The Pandemic Is Shaking the Dollar’s Supremacy

    May 18, 2020 Benjamin J. Cohen suggests that escalating US leadership failures will further erode the greenback's global standing.

  3. Can America and China Avoid a Currency War?
    bjcohen12_XuJinbaiVCGviaGettyImages_chinarenminbiuscurrency Xu Jinbai/VCG via Getty Images

    Can America and China Avoid a Currency War?

    Aug 8, 2019 Benjamin J. Cohen holds out hope that the world’s two largest economies may yet achieve some form of exchange-rate détente.

  4. The Case for a Fiscal Fed
    bjcohen11_GettyImages_gearswindupglobe Getty Images

    The Case for a Fiscal Fed

    Jul 19, 2019 Benjamin J. Cohen proposes a new independent agency to supplement monetary-policy responses to macroeconomic fluctuations.

  5. Where Have All the Safe Havens Gone?
    man at porthole piola666/Getty Images

    Where Have All the Safe Havens Gone?

    Jan 7, 2019 Benjamin J. Cohen expects lost faith in the US dollar and economic troubles elsewhere to lead to even more market volatility.

  1. sierakowski91_Omar MarquesGetty Images_ukrainian refugees Omar Marques/Getty Images

    Resentment on the Western Front

    Sławomir Sierakowski thinks the Polish public needs a more open and honest conversation about refugees before resentment spirals.
  2. vives17_ Leon NealGetty Images_ftx Leon Neal/Getty Images

    Crypto’s Well-Worn Path to Crisis

    Xavier Vives writes that, despite the novelty of the assets, the narrative of FTX’s collapse was established long ago.
  3. roubini171_Spencer PlattGetty Images_recession looming Spencer Platt/Getty Images

    The Unavoidable Crash

    Nouriel Roubini anticipates a stagflationary debt crisis, owing to a dangerous combination of inflation and over-borrowing.
  4. nye236_SAUL LOEBAFP via Getty Images_biden xi SAUL LOEB/AFP via Getty Images

    War Over Taiwan?

    Joseph S. Nye, Jr. considers whether a deterrence arrangement that has worked for 50 years is still sufficient.
  5. op_livingston1_Anna MoneymakerGetty Images_fed Anna Moneymaker/Getty Images

    The Contested Fed

    James Livingston

    By all accounts, central banks – particularly the Fed, because the dollar is still the world’s dominant currency – already act as investment authorities. But their recent bailouts have exacerbated economic inequality, and have done little or nothing to address climate change.

    reviews three books that, each in its own way, reveal a central truth about the world’s leading central bank.
  6. pisaniferry140_Sean GallupGetty Images_cop27 Sean GallupGetty Images

    The Economics of Mainstreaming Climate Action

    Jean Pisani-Ferry & Selma Mahfouz identify the risks and short-term costs associated with the energy transition over the next decade.
  7. haldar15_ Tayfun CoskunAnadolu Agency via Getty Images_twitter Tayfun Coskun/Anadolu Agency via Getty Images

    Killing Twitter

    Antara Haldar explains what Elon Musk fundamentally misunderstands about the platform – and about free speech.
  8. emmott41_musk

    The Napoleons of Big Tech

    Bill Emmott

    Recent events in the technology sector suggest that investors and lenders should be demanding a premium to cover the risk that a star entrepreneur will become an egomaniacal dictator. With each business cycle, it seems, old lessons must be relearned.

    sees in the industry’s harsh reckoning this year lessons that apparently can’t be learned often enough.
  9. BP - ftx NurPhoto / Contributor via Getty Images

    The Crypto Emperor’s New Clothes

    The collapse of several crypto platforms this year – including the spectacular crash of the second-largest cryptocurrency exchange, FTX – has raised fundamental questions about the credibility of a digital innovation once hailed as the key to democratizing finance. Has crypto finally been exposed as a scam, or will a new, stronger crypto industry emerge from the current turmoil?

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