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作者 Cohen, Benjamin J
書名 The Future of Global Currency : The Euro Versus the Dollar
出版項 London : Taylor & Francis Group, 2011
©2011
國際標準書號 9780203833803 (electronic bk.)
9780415781497
book jacket
版本 1st ed
說明 1 online resource (209 pages)
text txt rdacontent
computer c rdamedia
online resource cr rdacarrier
附註 Cover -- The Future of Global Currency: The euro versus the dollar -- Copyright -- Contents -- Preface -- Acknowledgments -- Introduction -- Part I The global currency system -- 1 Life at the top: International currencies in the twenty-first century -- 2 The euro and transatlantic relations -- Part II The euro challenge -- 3 EMU and the dollar: Who threatens whom? -- 4 Global currency rivalry: Can the euro ever challenge the dollar? -- 5 Enlargement and the international role of the euro -- 6 The euro in a global context: Challenges and capacities -- 7 Dollar dominance, euro aspirations: Recipe for discord? -- Part III Glimpses of the future -- 8 A one-and-a-half currency system -- 9 Toward a leaderless currency system -- 10 The international monetary system: Diffusion and ambiguity -- Notes -- Bibliography -- Index
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
Description based on publisher supplied metadata and other sources
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2020. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries
鏈接 Print version: Cohen, Benjamin J. The Future of Global Currency : The Euro Versus the Dollar London : Taylor & Francis Group,c2011 9780415781497
主題 United States - Foreing economic relations
Electronic books
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