The Euro, the dollar and the global financial crisis : currency challenges seen from emerging markets / Miguel Otero-Iglesias.

Format:

Book

Author/Creator:

Otero-Iglesias, Miguel, author.

Series:

RIPE series in global political economy

Language:

English

Subjects (All):

Euro-dollar market.

Foreign exchange.

Financial crises.

International finance.

Physical Description:

xviii, 261 pages : illustrations ; 24 cm.

Place of Publication:

Abingdon, Oxon ; New York, NY : Routledge, 2014.

Summary:

"This book analyses how financial elites in key dollar-holding emerging markets perceive the contest between the euro and the dollar for global currency status. It also assesses how far the Eurozone has gone in challenging US hegemony in monetary affairs through the prism of these elites.Drawing on Chartalist and Constructivist theories of money, the author provides a systematic approach to studying global currency dynamics and presents extensive original empirical data on financial elites in China, Saudi Arabia, the UAE and Brazil. The author demonstrates, amongst other things, how the gradual ascendance of a structurally flawed currency like the euro has highlighted the weaknesses of the dollar ad how the euro has demonstrated that sovereignty sharing in monetary affairs is possible and that the international monetary system can be a multicurrency and multilateral system.In this highly innovative and important book, Otero-Inglesias shows the importance of studying financial elites in Brazil, China and the GCC countries in order to understand the full impact, material and ideational, of the euro in the transformation of the IMS. It will be vital reading for students and scholars of International Political Economy, International Economics, International Finance, Economic History, Economic Sociology, International Relations, Comparative Political Economy and Comparative Politics"-- Provided by publisher.

"This book analyses how financial elites in the key dollar-holding emerging markets of China, Saudi Arabia, the UAE and Brazil, perceive the contest between the euro and the dollar for global currency status. It also assesses how far the Eurozone has gone in challenging US hegemony in monetary affairs through the prism of these elites"-- Provided by publisher.

Contents:

1 Introduction: The euro challenge seen from emerging markets 1

2 Reframing the euro vs. dollar debate 32

3 The material limits of the euro challenge to the dollar 75

4 The alternative of the euro and the negotiated status of the dollar 113

5 The euro's ideational challenge to the unipolarity of the dollar 153

6 The Eurozone's monetary power in reforming the floating dollar standard 191

7 Conclusion 226.

Notes:

Includes bibliographical references and index.

ISBN:

9780415726399

0415726395

OCLC:

859585121