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The Euro, The Dollar and the Global Financial Crisis

Otero-Iglesias, Miguel, (2015), “The Euro, The Dollar and the Global Financial Crisis”, Routledge publications, European Union Series, 18 Οκτωβρίου

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.

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