抄録
The national currency of the United States, the dollar, plays a critical international role. The privileged position of the dollar, which has greatly facilitated America's role in world politics, is now being questioned. This article argues that the international monetary system tends to be based on hegemony rather than super-sovereignty or multiplicity, and that no serious challengers to the dollar's hegemony have yet emerged. The dollar's predominance, however, is weakening and it has turned into a 'negotiated currency'. If its international roles are to be sustained, the dollar needs to be actively supported by other major economies. 'Negotiation' may fail as rising economies, most notably China, represent American political challengers rather than subordinate allies. Should the dollar cease functioning as the reliable international currency, in the absence of an alternative hegemonic currency, the world could see a more fundamental shift, such as the wider use of private international currencies.
| 元の言語 | English |
|---|---|
| 記事番号 | lcq012 |
| ページ（範囲） | 415-440 |
| ページ数 | 26 |
| ジャーナル | International Relations of the Asia-Pacific |
| 巻 | 10 |
| 発行部数 | 3 |
| DOI | |
| 出版物ステータス | Published - 2010 9 |
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ASJC Scopus subject areas
- Economics, Econometrics and Finance(all)
- Sociology and Political Science
- Political Science and International Relations
これを引用
After dollar? / Tadokoro, Masayuki.
：: International Relations of the Asia-Pacific, 巻 10, 番号 3, lcq012, 09.2010, p. 415-440.研究成果: Article
}
TY - JOUR
T1 - After dollar?
AU - Tadokoro, Masayuki
PY - 2010/9
Y1 - 2010/9
N2 - The national currency of the United States, the dollar, plays a critical international role. The privileged position of the dollar, which has greatly facilitated America's role in world politics, is now being questioned. This article argues that the international monetary system tends to be based on hegemony rather than super-sovereignty or multiplicity, and that no serious challengers to the dollar's hegemony have yet emerged. The dollar's predominance, however, is weakening and it has turned into a 'negotiated currency'. If its international roles are to be sustained, the dollar needs to be actively supported by other major economies. 'Negotiation' may fail as rising economies, most notably China, represent American political challengers rather than subordinate allies. Should the dollar cease functioning as the reliable international currency, in the absence of an alternative hegemonic currency, the world could see a more fundamental shift, such as the wider use of private international currencies.
AB - The national currency of the United States, the dollar, plays a critical international role. The privileged position of the dollar, which has greatly facilitated America's role in world politics, is now being questioned. This article argues that the international monetary system tends to be based on hegemony rather than super-sovereignty or multiplicity, and that no serious challengers to the dollar's hegemony have yet emerged. The dollar's predominance, however, is weakening and it has turned into a 'negotiated currency'. If its international roles are to be sustained, the dollar needs to be actively supported by other major economies. 'Negotiation' may fail as rising economies, most notably China, represent American political challengers rather than subordinate allies. Should the dollar cease functioning as the reliable international currency, in the absence of an alternative hegemonic currency, the world could see a more fundamental shift, such as the wider use of private international currencies.
UR - http://www.scopus.com/inward/record.url?scp=77956379093&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=77956379093&partnerID=8YFLogxK
U2 - 10.1093/irap/lcq012
DO - 10.1093/irap/lcq012
M3 - Article
AN - SCOPUS:77956379093
VL - 10
SP - 415
EP - 440
JO - International Relations of the Asia-Pacific
JF - International Relations of the Asia-Pacific
SN - 1470-482X
IS - 3
M1 - lcq012
ER -