ABSTRACT
The four interpretations of globalization set out in Chapter 2 have widely different implications for how the relationship between states and markets should be analyzed in the contemporary period. For some, nation-states are withering away as capital has “gone global’; for others, the fabric of the nation-state remains tightly woven. For yet others, the contemporary period is best analyzed as one of U.S. (and European) imperialism, and others are struck by the regional nature of present economic and political structures. All four interpretations point to different futures for things “national.” In this chapter, I explore the implications for national currencies-an institution located at the intersection of market and state.
