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Big money reigns, small money gains - but who will fix the International Monetary System?

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  • Jeremy Samer Srouji

    (GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis (1965 - 2019) - CNRS - Centre National de la Recherche Scientifique - UniCA - Université Côte d'Azur, Erasmus University Rotterdam)

Abstract

The evolution of the international monetary system towards a more multipolar configuration is not only reflective of fundamentals but of increasing fragilities and uncertainty. In this paper, we map the trajectories of the big four (EUR, GBP, JPY, USD) and secondary currencies (AUD, CAD, CHF, CNY) in the past decade and argue that the system is increasingly illadapted to thereconfiguration of the globaleconomy, bringing to theforefront the need, in particular, for a reliable alternative international reserve asset.

Suggested Citation

  • Jeremy Samer Srouji, 2024. "Big money reigns, small money gains - but who will fix the International Monetary System?," Post-Print hal-04459960, HAL.
    • Handle: RePEc:hal:journl:hal-04459960
    DOI: 10.61953/lex.5416
    Note: View the original document on HAL open archive server: https://hal.science/hal-04459960v1
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    References listed on IDEAS

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    4. Mr. Serkan Arslanalp & Mr. Barry J. Eichengreen & Chima Simpson-Bell, 2022. "The Stealth Erosion of Dollar Dominance: Active Diversifiers and the Rise of Nontraditional Reserve Currencies," IMF Working Papers 2022/058, International Monetary Fund.
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