Dollar Dominance : Why It Rules the Global Economy and How to Challenge It.

Format:

Book

Author/Creator:

Lysandrou, Photis.

Language:

English

Subjects (All):

International finance.

Dollar, American.

Genre:

Electronic books.

Physical Description:

1 online resource (155 pages)

Edition:

1st ed.

Place of Publication:

Bristol : Bristol University Press, 2025.

Summary:

In a world shaken by crises, why does the dollar continue to dominate? In this book, Photis Lysandrou explores the interaction between global instability and the enduring strength of the dollar. Drawing on examples from the 2008 Great Financial Crisis to the COVID-19 pandemic and Russia's invasion of Ukraine, the author reveals how uncertainty and instability in global trade, production and politics drives investors towards the safety of the dollar, reinforcing its dominance over other currencies. With clear and insightful analysis, Lysandrou reveals the true global financial foundations of dollar dominance, and lays out what it would take for other currencies such as the Euro to challenge its position.

Contents:

Front Matter

Contents

Acknowledgements

Introduction

The Foundations of Dollar Dominance

Financialization and the Gravitational Force of the Dollar

Resisting the Dollar’s Gravitational Force: The Euro’s Rationale Revisited

Crises and the Consolidation of Dollar Dominance

The Financial Crisis of 2007–8

The COVID-19 and Ukraine Crises

Why BRICS or China Alone Will Not Challenge the Dollar

Confronting Dollar Dominance

How the Euro Can Rival the Dollar

Why the Euro Must Rival the Dollar

Notes

References

Index

Notes:

Description based on publisher supplied metadata and other sources.

ISBN:

1-5292-4973-2

1-5292-4972-4

OCLC:

1499631979