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 World Heritage Sites and Tourism by Benjamin J. Cohen
Cover of the book Gender at Work by Benjamin J. Cohen
Cover of the book Evaluating Family-Based Services by Benjamin J. Cohen
Cover of the book The EU, Strategy and Security Policy by Benjamin J. Cohen
Cover of the book Activity Anorexia by Benjamin J. Cohen
Cover of the book Truth and Religious Belief: Philosophical Reflections on Philosophy of Religion by Benjamin J. Cohen
Cover of the book Pragmatism, Post-modernism, and Complexity Theory by Benjamin J. Cohen
Cover of the book Feminist Theories and Feminist Psychotherapies by Benjamin J. Cohen
Cover of the book Managing Museums and Galleries by Benjamin J. Cohen
Cover of the book The Private Sector after Communism by Benjamin J. Cohen
Cover of the book After Empire by Benjamin J. Cohen
Cover of the book Personification by Benjamin J. Cohen
Cover of the book Market Sense by Benjamin J. Cohen
Cover of the book A Place to Be Navajo by Benjamin J. Cohen
Cover of the book Adults' Mathematical Thinking and Emotions 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