Monetary Policy as a Weapon of World Dominance

 Instructions:

Get into groups of 2. 

Answer the following questions based on Benjamin Cohen’s answers in the podcast “Monetary Policy as a Weapon of World Dominance”.

Questions:

1. How does Benjamin define the concept of “currency internationalization”?
2. What are, according to Benjamin, the major considerations markets are looking for when choosing an international currency. Explain each consideration.
3. What is according to Benjamin, the relationship between currency and power?
4. What according to Benjamin, makes the US dollar so attractive?
5. What according to Benjamin, makes the US dollar most attractive?
6. What is according to Benjamin, the concept of “currency pyramid”?
7. Why does Benjamin say that “China has achieved a degree of autonomy”?
8. Why does Benjamin talk about the 19 countries of the European Union? Explain the reasoning.

For all teams:

• Explain the reasons why Benjamin concludes the podcast by saying: ” we are going to live with an imperfect monetary system.”