Description
Book SynopsisDollar hegemony is a defining structural feature of the modern international financial order, and it confers significant economic and political privileges on the US. This book explores the political economic foundations of and prospects for dollar hegemony.
Table of ContentsContents: Symposium: Dollar Hegemony: Past, Present, and Future The international currency system revisited 1 Tabitha M. Benney and Benjamin J. Cohen Theorizing dollar hegemony: the political economic foundations of exorbitant privilege 20 Thomas Palley Will the Chinese renminbi replace the US dollar? 57 Michael Pettis The peso problem and dollar hegemony under inflation targeting 71 Juan Alberto Vázquez-Muñoz and Ignacio Perrotini-Hernández Old and new proposals for global monetary reform 91 Jan Priewe ‘King dollar’ forever? Prospects for a New Bretton Woods 117 Jörg Bibow
