The Future of Global Currency

The Future of Global Currency
Author :
Publisher : Routledge
Total Pages : 210
Release :
ISBN-10 : 9781136845888
ISBN-13 : 1136845887
Rating : 4/5 (88 Downloads)

Book Synopsis The Future of Global Currency by : Benjamin J. Cohen

Download or read book The Future of Global Currency written by Benjamin J. Cohen and published by Routledge. This book was released on 2012-11-12 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: Can the euro challenge the supremacy of the U.S. dollar as a global currency? From the time Europe’s joint money was born, many have predicted that it would soon achieve parity with the dollar or possibly even surpass it. In reality, however, the euro has remained firmly planted in the dollar’s shadow. The essays collected in this volume explain why. Because of America’s external deficits and looming foreign debt, the dollar can never be as dominant as it once was. But Europe’s money is unable to mount an effective challenge. The euro suffers from a number of critical structural deficiencies, including an anti-growth bias that is built into the institutions of the monetary union and an ambiguous governance structure that sows doubts among prospective users. As recent events have demonstrated, members of the euro zone remain vulnerable to financial crisis. Moreover, lacking a single voice, the bloc continues to punch below its weight in monetary diplomacy. The world seems headed toward a leaderless monetary order, with several currencies in contention but none clearly dominant. This collection distils the views of one of the world’s leading scholars in global currency, and will be of considerable interest to students and scholars of international finance and international political economy.


The Future of Global Currency Related Books

The Future of Global Currency
Language: en
Pages: 210
Authors: Benjamin J. Cohen
Categories: Political Science
Type: BOOK - Published: 2012-11-12 - Publisher: Routledge

DOWNLOAD EBOOK

Can the euro challenge the supremacy of the U.S. dollar as a global currency? From the time Europe’s joint money was born, many have predicted that it would s
The €uro and the Dollar in a Globalized Economy
Language: en
Pages: 263
Authors: Pedro Gomis-Porqueras
Categories: Political Science
Type: BOOK - Published: 2016-12-05 - Publisher: Routledge

DOWNLOAD EBOOK

The dollar has been the dominant currency of the world economy for almost a century; since 2002, the euro has gained widespread international acceptance resulti
The Euro at Five
Language: en
Pages: 236
Authors: Adam Simon Posen
Categories: Business & Economics
Type: BOOK - Published: 2005 - Publisher: Peterson Institute

DOWNLOAD EBOOK

As a long-run competitor and collaborator with the dollar, the euro creates the potential for a bipolar international monetary system, offering unprecedented ch
Exorbitant Privilege
Language: en
Pages: 224
Authors: Barry Eichengreen
Categories: Business & Economics
Type: BOOK - Published: 2011-01-07 - Publisher: Oxford University Press

DOWNLOAD EBOOK

It is, as a critic of U.S.
The Future of the Dollar
Language: en
Pages: 267
Authors: Eric Helleiner
Categories: Business & Economics
Type: BOOK - Published: 2012-09-15 - Publisher: Cornell University Press

DOWNLOAD EBOOK

For half a century, the United States has garnered substantial political and economic benefits as a result of the dollar's de facto role as a global currency. I