The Euro, the Dollar and the Global Financial Crisis: Currency challenges seen from emerging markets
In: RIPE Series in Global Political Economy
Many scholars have contributed to ongoing debates about the competition between the dollar and the euro for global monetary dominance. Few have added as much value as Miguel Otero-Iglesias with his systematic and original survey of the views of financial elites in major emerging market economies. Where conventional interpretations emphasize material ""reality, "" Otero-Iglesias''s ideational analysis clearly demonstrates how important it is to consider as well how ""reality"" is perceived and framed by key actors. The euro may be structurally weak, limiting its ""hard"" power. But at the cognit