There exists a deflationary bias in the contemporary international economy, and this has significant domestic distributional consequences for all states in the system. After investigating its sources, I consider the consequences of and possible solutions to this bias. I review the modern debate...

For at least a decade, many have argued that the predominance of the dollar as the world's currency will gradually erode, and give way to a more multipolar international monetary order. The four papers in this special issue challenge this conventional wisdom, and hold that the hegemony of the...

In <i>Appeasing Bankers</i>, Jonathan Kirshner shows that bankers dread war--an aversion rooted in pragmatism, not idealism. "Sound money, not war" is hardly a pacifist rallying cry. The financial world values economic stability above all else, and crises and war threaten that stability. States that...

What are the politics of inflation? This question is usually raised solely when inflation rates are high. All levels of inflation, however, high and low, are the outcome of political conflicts. But no current approach to the study of inflation--sociological, neoclassical, modern political...