The Future of Global Currency

The Euro Versus the Dollar

Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Conditions
Cover of the book The Future of Global Currency by Benjamin J. Cohen, Taylor and Francis
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Benjamin J. Cohen ISBN: 9781136845888
Publisher: Taylor and Francis Publication: November 12, 2012
Imprint: Routledge Language: English
Author: Benjamin J. Cohen
ISBN: 9781136845888
Publisher: Taylor and Francis
Publication: November 12, 2012
Imprint: Routledge
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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.

More books from Taylor and Francis

Cover of the book Shipboard Operations by Benjamin J. Cohen
Cover of the book The International Library of Essays on Capital Punishment, Volume 3 by Benjamin J. Cohen
Cover of the book Order and Legitimacy by Benjamin J. Cohen
Cover of the book Landscape and Urban Design for Health and Well-Being by Benjamin J. Cohen
Cover of the book Quick Service Restaurants, Franchising, and Multi-Unit Chain Management by Benjamin J. Cohen
Cover of the book Political Ecology and Tourism by Benjamin J. Cohen
Cover of the book The Routledge Companion to Identity and Consumption by Benjamin J. Cohen
Cover of the book Knights and Castles by Benjamin J. Cohen
Cover of the book The Age of Constantine the Great (1949) by Benjamin J. Cohen
Cover of the book The Architecture of Pleasure by Benjamin J. Cohen
Cover of the book Theory and Methods for Sociocultural Research in Science and Engineering Education by Benjamin J. Cohen
Cover of the book Transnational Corporations and Business Networks by Benjamin J. Cohen
Cover of the book Meaning and the Moral Sciences (Routledge Revivals) by Benjamin J. Cohen
Cover of the book Cultural Governance and Resistance in Pacific Asia by Benjamin J. Cohen
Cover of the book Colonial Modernities by Benjamin J. Cohen
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy