Dollar hegemony in the digital age

A surprising gap in the growing range of infrastructural perspectives on international relations is monetary hegemony. Adopting a Science and Technology Studies influenced definition of infrastructure that foregrounds socio-technical relations, this article develops an infrastructural analytical framework to consider the future of dollar dominance. We elaborate infrastructure effects in showing how social practices and technical objects underpin traditional IPE dimensions of dollar hegemony. We also identify how infrastructure formation mediates monetary hegemony through mechanisms of resurfacing, fracturing, and sedimentation, adding further four extended forms of sedimentation, namely con-, re-, de-, and neo-sedimentation. Our infrastructural perspective is harnessed to outline four future scenarios of dollar dominance: tenacity, transformation, turbulence, and transition, which we rank from highest to lowest possibilities of being enacted in the short-term to long-term. These scenarios set the stage for further research on monetary hegemony from infrastructural perspectives in international politics and beyond

Hegemony · International relations · Liberian dollar · Perspective (graphical · Politics · Us dollar · Blockchain Technology Applications and Security · Global Financial Crisis and Policies · Global Financial Regulation and Crises