Le statut international du dollar américain et les mutations du système financier: le rôle des eurodollars et du shadow banking

Adrien Faudot and Jonathan Massonnet ()

Revue d'économie financière, 2019, vol. N° 134, issue 2, 301-325

Abstract: To a large extent, the international financial system has been ? and continues to be ? shaped by US public and private institutions. The aim of this article is to show that the path taken by the contemporary financial system accentuates the dominance of the US dollar in the various functions of money, including the billing and the settlement of international trade. The article is structured around two components, namely the demand (needs) for financial instruments, and the supply (the availability) of these instruments. The first part studies the needs arising from the abundant savings of transnational firms, while the second considers the financial techniques developed during the twentieth century, which are necessary for the multiplication of payment instruments in dollar. Eurodollars and shadow banking are then seen as mutations produced by the international monetary system and essential for the international status of the US dollar. Classification JEL : F30, F31, F65.

JEL-codes: F30 F31 F65 (search for similar items in EconPapers)
Date: 2019
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.cairn.info/load_pdf.php?ID_ARTICLE=ECOFI_134_0301 (application/pdf)
http://www.cairn.info/revue-d-economie-financiere-2019-2-page-301.htm (text/html)
free

Related works:
Working Paper: Le statut international du dollar américain et les mutations du système financier: le rôle des eurodollars et du shadow banking (2019)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cai:refaef:ecofi_134_0301

Access Statistics for this article

More articles in Revue d'économie financière from Association d'économie financière
Bibliographic data for series maintained by Jean-Baptiste de Vathaire ().