Published
Feb 24, 2025Page count
176 pagesISBN
978-1529249705Dimensions
203 x 127 mmImprint
Bristol University PressPublished
Feb 24, 2025Page count
176 pagesISBN
978-1529249712Dimensions
203 x 127 mmImprint
Bristol University PressPublished
Feb 24, 2025Page count
176 pagesISBN
978-1529249712Dimensions
203 x 127 mmImprint
Bristol University Press
Dollar Dominance
In a world shaken by crises, why does the dollar continue to dominate? In this book, Photis Lysandrou explores the interaction between global instability and the enduring strength of the dollar. Drawing on examples from the 2008 Great Financial Crisis to the COVID-19 pandemic and Russia's invasion of Ukraine, the author reveals how uncertainty and instability in global trade, production and politics drives investors towards the safety of the dollar, reinforcing its dominance over other currencies.
With clear and insightful analysis, Lysandrou reveals the true global financial foundations of dollar dominance, and lays out what it would take for other currencies such as the Euro to challenge its position.
Photis Lysandrou is Research Professor in Global Political Economy at the City Political Economy Research Centre (CITYPERC) at City, University of London. His current research interests are in the areas of financialisation, shadow banking and the economics of inequality.
Introduction
Part 1: The Foundations of Dollar Dominance
1. Financialization and the Gravitational Force of the Dollar
2. Resisting the Dollar’s Gravitational Force: The Euro’s Rationale Revisited
Part 2: Crises and the Consolidation of Dollar Dominance
3. The Financial Crisis of 2007–8
4. The COVID-19 and Ukraine Crises
5. Why BRICS or China Alone Will Not Challenge Dollar Dominance
Part 3: Confronting Dollar Dominance
6. How the Euro Can Rival the Dollar
7. Why the Euro Must Rival the Dollar
