Dollar Hegemony and the International Monetary Landscape

Author: Lu Shwei
Publisher:
Publish Date: 2006-11-01
Features: The study of the dollar hegemony holds significant practical implications for researching the internationalization of the RMB and China's international financial and economic environment. With the continuous and rapid development of China's economy and the ongoing advancement of reform and opening-up, the internationalization of the RMB is an inevitable trend. As the RMB steps onto the global stage, it is bound to challenge the current international monetary order dominated by the dollar. Similarly, the existing international monetary order will inevitably interfere with and hinder the process of RMB internationalization. Therefore, a comprehensive study of dollar hegemony will help deepen understanding and accurately grasp the international economic environment faced by the internationalization of the RMB and China's economic development. This book is divided into seven chapters, covering topics such as: the historical evolution of dollar hegemony, the economic foundation of dollar hegemony, strategic adjustments of dollar hegemony, international monetary cooperation and dollar hegemony, the path dependency of institutional change and dollar hegemony, the competition of the euro and dollar hegemony, and dollar hegemony and the internationalization of the RMB.