Reluctant Monetary Leaders? The New Politics of International Currencies
Helleiner, Eric | July 2013
Abstract
The severity of the US financial crisis of 2007–2008 has generated new interest in the future of the US dollar as the world’s KC. Many commentators have predicted that the greenback’s dominant global position will be undermined by the economic difficulties of the United States. These predictions have been reinforced by developments in the political realm, where the crisis experience has prompted foreign policy makers to openly question whether the world is well served by the current dollar-centred international monetary system. Policy makers in some countries, notably the PRC, have matched their words with actions designed to begin promoting the internationalization of their country’s currency (the renminbi [RMB] in the case of the PRC). Is the dollar’s international dominance thus doomed to fade away, just as sterling’s did over the course of the twentieth century?
Citation
Helleiner, Eric. 2013. Reluctant Monetary Leaders? The New Politics of International Currencies. © Asian Development Bank. http://hdl.handle.net/11540/4222. License: CC BY 3.0 IGO.Keywords
Macroeconomic
Macroeconomic Analysis
Macroeconomic Framework
Macroeconomic Models
Macroeconomic Performance
Macroeconomic Planning
Macroeconomic Policies
Macroeconomic Reform
Macroeconomic Stabilization
Social condition
Economic dependence
Economic assistance
International monetary relations
International monetary relations
International trade
National accounting
Market
Exchange
Comparative economics
Index number
Monetary policy
Value analysis
Adjustment cost
Transaction cost
Conditionality
International relations
Show allCollapse
Citable URI
http://hdl.handle.net/11540/4222Metadata
Show full item recordUsers also downloaded
-
Innovative Project Management and Coordination Speed Up Afghanistan Railway Project
Bathula, Balabhaskara Reddy (Asian Development Bank, 2014-01-15)The Hairatan-Mazar e Sharif railway was constructed in record time due to effective project management, teamwork, and integrated project planning. Governments, ministries, agencies, contractual service providers, and ADB staff members at headquarters and resident missions collaborated to execute the comprehensive plan.The Hairatan-Mazar e Sharif railway was constructed in record time due to effective project management, teamwork, and integrated project planning. Governments, ministries, agencies, contractual service providers, and ADB staff members at headquarters ...