Key Currency Competition
The Euro versus the Dollar
Bibliographic Data
| ID | 8912411 |
|---|---|
| Authors | Carla Norrlof (0000-0002-8598-7689, Political Science Department at the University of Toronto, corresponding author) |
| Year | 2009 |
| Volume | 44 |
| Issue | 4 |
| Pages | 420-442 |
| Publication date | 2009-12-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Cooperation and Conflict (JOURNAL) |
| Journal identifiers | ISSN: 0010-8367 • E-ISSN: 1460-3691 |
| Publisher | SAGE Publishing (PUBLISHER • US) |
| DOI | 10.1177/0010836709345810 |
| OpenAlex | W2081884623 |
| Language | EN |
| Citations received | 1 |
| References cited | 25 |
In this article, I investigate whether the euro is set to eclipse the dollar as the world currency. Although the euro has gained in importance at the expense of the dollar in all key currency functions, I argue that it is not about to replace the dollar as the unique currency of global importance. Notwithstanding America’s current weakness, I argue that different preferences for monetary and fiscal policy inside the euro-zone, and the need to coordinate these, will make it difficult to accommodate and correct large-scale imports over the long term. I also find that taking on the role of the world’s preferred import destination is bound to exacerbate internal differences and complicate decision-making
Competition (biology · Currency · Economics · Foreign exchange risk · International economics · Key (lock · Liberian dollar · Monetary economics · Monetary policy · Reserve currency · Finance · Fiscal Policies and Political Economy · Global Financial Crisis and Policies · Monetary Policy and Economic Impact
| Unique citing works | 1 |
|---|---|
| Citations per year | 0,09 |
| Citation span | 2015 - 2015 (1) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 1 |