The Future of global currency : the euro versus the dollar / Benjamin J Cohen
Material type:
TextPublication details: London : Routledge, 2011Description: vi, 200 p. 23 cmISBN: - 9780415781503
- 332.494 COH
| Item type | Current library | Call number | Status | Date due | Barcode | Item holds | |
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Book
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Calcutta | 332.494 COH (Browse shelf(Opens below)) | Available | IIMC-131280 |
From the time Europe's joint money was born, many have predicted that it would soon achieve parity with the dollar or possibly even surpass it. In reality, however, the euro has remained firmly planted in the dollar's shadow. The essays collected in this volume explain why. Because of America's external deficits and looming foreign debt, the dollar can never be as dominant as it once was. But Europe's money is unable to mount an effective challenge. The euro suffers from a number of critical structural deficiencies, including an anti-growth bias that is built into the institutions of the monetary union and an ambiguous governance structure that sows doubts among prospective users
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