Can the euro ever challenge the dollar as an international currency? This article argues that Europe's new money is fated to remain a distant second to America's greenback, for four reasons. First is the persistent inertia of monetary behaviour, which will inhibit any rapid switch to the euro....

Monetary rivalry is a fact of life in the world economy. Intense competition between international currencies like the US dollar, Europe's euro, and the Chinese yuan is profoundly political, going to the heart of the global balance of power. But what exactly is the relationship between currency...

The Future of Global Currency The euro versus the dollar Benjamin J. Cohen Routledge Taylor & Francis Croup LONDON AND NEW YORK Contents Preface vii Acknowledgments viii ...

1. Life at the top : international currencies in the twenty-first century -- 2. The euro and transatlantic relations -- 3. EMU and the dollar : who threatens whom? -- 4. Global currency rivalry : can the euro ever challenge the dollar? -- 5. Enlargement and the international role of the euro --...