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Pregled bibliografske jedinice broj: 1053908

Measuring Currency Power from 2005 to 2018: Greenback Still Unrivaled or Increasingly Constrained by Its Rivals?


Kotarski, Kristijan; Tan Alexander C.
Measuring Currency Power from 2005 to 2018: Greenback Still Unrivaled or Increasingly Constrained by Its Rivals? // Politička misao : Croatian political science review, 56 (2019), 3-4; 241-268 doi:10.20901/pm.56.3-4.11 (recenziran, članak, znanstveni)


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Naslov
Measuring Currency Power from 2005 to 2018: Greenback Still Unrivaled or Increasingly Constrained by Its Rivals?

Autori
Kotarski, Kristijan ; Tan Alexander C.

Izvornik
Politička misao : Croatian political science review (0032-3241) 56 (2019), 3-4; 241-268

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
Currency Power ; Currency Internationalization Index ; Monetary Capability Index ; Quality of Governance Index ; US Dollar

Sažetak
The main research goal of this paper is to empirically assess the state of US currency power relative to its main rivals in the period between 2005 and 2018. The most novel aspect of our inquiry is the design of three new composite indices called: Monetary Capability Index (MCI), Quality of Governance Index (QGI) and Currency Internationalization Index (CII). We argue that those indices are indispensable in an attempt to empirically measure the concept of currency power, both its underlying material and non-material resources, as well as the degree of their effective exploatation. Based on the conducted analysis it is visible that material resources are a necessary but not sufficient condition to wield and exert currency power which we proxy by currency internationalization. In that regard quality of governance remains indispensable to this effort. Our measurement shows that US currency power remains unshattered by the global financial crisis (GFC) and US dollar is still placed firmly at the top of international monetary and credit hierarchy. In spite of dangers emanating from Trump’s erratic policy, US rivals either face weakening of their currency power in terms of their monetary capability or still lag far behind the US in terms of their quality of governance.

Izvorni jezik
Engleski

Znanstvena područja
Politologija



POVEZANOST RADA


Projekt / tema
015-0000000-2474 - Hrvatska i EU: integracijske strategije i kreiranje javnih politika (Luka Brkić, )

Ustanove
Fakultet političkih znanosti, Zagreb

Profili:

Avatar Url Kristijan Kotarski (autor)

Citiraj ovu publikaciju

Kotarski, Kristijan; Tan Alexander C.
Measuring Currency Power from 2005 to 2018: Greenback Still Unrivaled or Increasingly Constrained by Its Rivals? // Politička misao : Croatian political science review, 56 (2019), 3-4; 241-268 doi:10.20901/pm.56.3-4.11 (recenziran, članak, znanstveni)
Kotarski, K. & Tan Alexander C. (2019) Measuring Currency Power from 2005 to 2018: Greenback Still Unrivaled or Increasingly Constrained by Its Rivals?. Politička misao : Croatian political science review, 56 (3-4), 241-268 doi:10.20901/pm.56.3-4.11.
@article{article, author = {Kotarski, K. and Tan Alexander C.}, year = {2019}, pages = {241-268}, DOI = {10.20901/pm.56.3-4.11}, keywords = {Currency Power, Currency Internationalization Index, Monetary Capability Index, Quality of Governance Index, US Dollar}, journal = {Politi\v{c}ka misao : Croatian political science review}, doi = {10.20901/pm.56.3-4.11}, volume = {56}, number = {3-4}, issn = {0032-3241}, title = {Measuring Currency Power from 2005 to 2018: Greenback Still Unrivaled or Increasingly Constrained by Its Rivals?}, keyword = {Currency Power, Currency Internationalization Index, Monetary Capability Index, Quality of Governance Index, US Dollar} }

Časopis indeksira:


  • Web of Science Core Collection (WoSCC)
    • Emerging Sources Citation Index (ESCI)
  • Scopus


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