Jump to ContentJump to Main Navigation
The Future of the Euro$
Users without a subscription are not able to see the full content.

Matthias Matthijs and Mark Blyth

Print publication date: 2015

Print ISBN-13: 9780190233235

Published to Oxford Scholarship Online: March 2015

DOI: 10.1093/acprof:oso/9780190233235.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2020. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 26 September 2020

The Future of the Euro in a Global Monetary Context

The Future of the Euro in a Global Monetary Context

(p.233) 11 The Future of the Euro in a Global Monetary Context
The Future of the Euro

Eric Helleiner

Oxford University Press

This chapter places the future of the euro in geopolitical context, viewing it through the lens of the international monetary system. The global financial crisis (and the euro crisis that followed) revealed quite starkly both the hidden sources of the dollar’s dominance, as well as the weaknesses of the euro’s international standing. These events also drew attention to a new rising international monetary power, China, whose influence on the euro’s prospects were felt by Europeans for the first time in a significant way. These two factors humbled those Europeans who harbored aspirations for the euro’s global role. Yet over the longer term they may serve to boost political prospects for the euro, as the desire to challenge US monetary power may bolster European backing for reforms that take regional monetary cooperation to the next level.

Keywords:   euro, dollar, international monetary system, geopolitics, China

Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs , and if you can't find the answer there, please contact us .