Currency Statecraft and De-dollarization: A Review Article
- Autores: Francesco Romagnoli
- Localización: Journal of European Economic History, ISSN 0391-5115, Vol. 53, Nº. 2, 2024, págs. 107-121
- Idioma: inglés
- Enlaces
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Resumen
This article explores the dynamics of international currency compe tition and de-dollarization, focusing on the current dominance of the US dollar and potential challenges from the Chinese renminbi and BRICS countries. It reviews recent literature on currency state craft, the political economy of the renminbi, and the capacity of BRICS nations to foster de-dollarization. The studies reviewed sug gest that while no currency or coalition poses an imminent threat to the US dollar’s dominance, the geopolitical landscape and coun tries’ foreign policy ambitions play crucial roles in shaping future monetary relations. This review highlights the importance of geopol itics in understanding the complex interplay of international curren cies and states’ strategic responses.
