Foreign-currency and monetary geopolitics of United States and its effects on the future of the international system

Salehi, Hassan, Ranjbari, Masoumeh, & Mansour Dehghan, Soheil (2014) Foreign-currency and monetary geopolitics of United States and its effects on the future of the international system. Journal of Economic and Sustainable Development, 5(8), pp. 96-104.

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Abstract

The US dollar is still considered as the main strategic deposit among the currencies of different countries of the world and the policies of the World Bank and the International Financial Organizations have been and will always be influenced by the US economy. Despite the economic crises and commercial balance deficits in the United States, dollar has maintained its high position in and its domination over foreign exchanges and foreign-currency deposits of the countries. The novelty of the present research relies on its consideration of the political properties of the governments and the geopolitical effects of these countries on the position of their monetary and foreign-currency policies and consequently, on the international financial organizations such as the International Monetary Fund and the World Bank, which can determine the future of international economy and the political relations among countries. Our research proves that the political development of the United States and its geopolitical situation have been of the effective factors on dollar growth; and unless the competitors acquire such a relative advantage, they will not be able to seriously challenge the currency of dollar and the monetary policies of the United States, at least in a short time

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ID Code: 81949
Item Type: Journal Article
Refereed: Yes
Keywords: Foreign Currency, Monetary Geopolitics, Foreign Currency Competition, Universal Currency, Dollar Hegemony
ISSN: 2222-2855
Divisions: Current > QUT Faculties and Divisions > QUT Business School
Copyright Owner: Copyright 2014 [please consult the author]
Deposited On: 26 Feb 2015 06:01
Last Modified: 26 Feb 2015 21:12

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