This paper proposes a theoretically-informed and empirically-grounded cognitive approach to analyse how financial elites from China, the Gulf Cooperation Council states and Brazil interpret the euro vs. dollar debate. At the theoretical level, we argue that the debate should be reframed in order...

This article proposes a cognitive and empirical approach, based on in-depth semi-structured elite interviews, to analyse the extent to which the dollar is becoming a negotiated international currency in the perception of financial elites in China, Brazil and the countries of the Gulf Cooperation...

type="main" xml:id="twec12131-abs-0001" <title type="main">Abstract</title> <p>The global financial crisis has shown that the current international monetary system (IMS) suffers from an inherent flaw: it depends on US current account deficits for the provision of global liquidity. Under this arrangement, peripheral countries...</p>