Globalization Without Global Money: The Double Role of the Dollar as National Currency and as World Currency

Journal of Post Keynesian Economics, Vol. 22, No. 3, p. 365, Spring 2000

31 Pages Posted: 26 Nov 2010

See all articles by Stephan Schulmeister

Stephan Schulmeister

Austrian Institute of Economic Research

Date Written: 2000

Abstract

Globalization of markets and enterprises has characterized postwar economic development. As a consequence, national economies have become increasingly interdependent in a process toward a supranational closed system, the world economy. However, the globalization of markets and enterprises has not been paralleled by globalization of the monetary system - that is, by a transition from using national currencies to the creation of a supranational currency.

Suggested Citation

Schulmeister, Stephan, Globalization Without Global Money: The Double Role of the Dollar as National Currency and as World Currency (2000). Journal of Post Keynesian Economics, Vol. 22, No. 3, p. 365, Spring 2000 , Available at SSRN: https://ssrn.com/abstract=1715057

Stephan Schulmeister (Contact Author)

Austrian Institute of Economic Research ( email )

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