Big money reigns, small money gains - but who will fix the International Monetary System?

Jeremy Srouji ()
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Jeremy Srouji: GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis (1965 - 2019) - CNRS - Centre National de la Recherche Scientifique - UniCA - Université Côte d'Azur, Erasmus University Rotterdam

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Abstract: The evolution of the international monetary system towards a more multipolar configuration is not only reflective of fundamentals but of increasing fragilities and uncertainty. In this paper, we map the trajectories of the big four (EUR, GBP, JPY, USD) and secondary currencies (AUD, CAD, CHF, CNY) in the past decade and argue that the system is increasingly illadapted to thereconfiguration of the globaleconomy, bringing to theforefront the need, in particular, for a reliable alternative international reserve asset.

Keywords: currency internationalization; functions of money; international monetary system; international reserves; payments (search for similar items in EconPapers)
Date: 2024
New Economics Papers: this item is included in nep-ban, nep-cba, nep-mon and nep-pay
Note: View the original document on HAL open archive server: https://hal.science/hal-04459960
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Published in Revue Lexsociété, 2024, ⟨10.61953/lex.5416⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04459960

DOI: 10.61953/lex.5416

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