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Le dollar américain et son rôle dans l’ordre monétaire international

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  • Michael Bordo
  • Harold James

Abstract

[fre] Les auteurs estiment que la crise actuelle n'annonce pas la fin de la suprématie du dollar. Ils constatent qu'il n'y a pas eu d'attaque spéculative contre le dollar, que la crise s'est traduite jusqu'ici par un renforcement du dollar et qu'elle se révèle plus coûteuse économiquement pour l'Europe et les pays émergents que pour les États-Unis. Ils expliquent cette résistance du dollar par la sécurité qu'offrent les États-Unis en tant que superpuissance économique stable politiquement. Ils soulignent notamment que la taille de l'économie américaine lui permet de soutenir plus aisément ses institutions financières en difficulté. . Classification JEL : E42, F2, F3, G15 [eng] The US Dollar and its Role in the International Monetary Order . The present crisis does not foretell the end of the dollar's supremacy. No speculative attack on the dollar took place. On the contrary, the dollar has strengthened and the crisis is more costly for the European Union and the emerging countries than for the United States. This strength results from the security that the United Stares guarantees as a stable politically superpower and economic power. The size of the American economy allows it to support more easily its ailing financial institutions. . Classification JEL : E42, F2, F3, GJ5

Suggested Citation

  • Michael Bordo & Harold James, 2009. "Le dollar américain et son rôle dans l’ordre monétaire international," Revue d'Économie Financière, Programme National Persée, vol. 94(1), pages 171-186.
    • Handle: RePEc:prs:recofi:ecofi_0987-3368_2009_num_94_1_5298
    DOI: 10.3406/ecofi.2009.5298
    Note: DOI:10.3406/ecofi.2009.5298
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    References listed on IDEAS

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    More about this item

    JEL classification:

    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • F2 - International Economics - - International Factor Movements and International Business
    • F3 - International Economics - - International Finance
    • G15 - Financial Economics - - General Financial Markets - - - International Financial Markets
    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
    • F2 - International Economics - - International Factor Movements and International Business
    • F3 - International Economics - - International Finance

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