 Le statut international du dollar américain et les mutations du système financier: le rôle des eurodollars et du shadow bankingAdrien Faudot and Jonathan Massonnet () Post-Print from HAL 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. Keywords: système financier international; système financier; entreprise transnationale; dollar americain; eurodollar; épargne; technique financière; shadow banking (search for similar items in EconPapers) Published in Revue d'économie financière, 2019, 134, pp.301-325. ⟨10.3917/ecofi.134.0301⟩ There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-02381299 Access Statistics for this paper More papers in Post-Print from HAL |
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