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In a more contentious world economy, where trade and finance are increasingly interlinked with economic security and geopolitical considerations, questions arise about the underpinnings of the US dollar's global leadership. For decades, the US dollar has reigned supreme, serving as a powerful tool of US foreign policy.
List of contents
1.The Why, What and Who: Economic and politics of an international currency 2.Geoeconomics, currencies and the international monetary system 3. The cross-border implications of technology and CBDCs 4. e-CNY and its global aspiration: Need for Speed5. The politics of the digital euro: the ambition of strategic autonomy 6. The US, the innovator’s dilemma and the US dollar dominance 7. International cooperation and CBDCs: constraints, opportunities and future challenges 8. How the international monetary system will look, and why it matters
About the author
Nicola Bilotta is the Coordinator of the EU-Supervisory Digital Finance Academy and Senior Research Associate at the Florence School of Banking and Finance (European University Institute), and an Associate Fellow at the Istituto Affari Internazionali (IAI). Previously, he led the research on digitalisation and global economics as a Senior Fellow at IAI and worked as a Senior Research Analyst at The Banker Research Team (Financial Times) and as a Visiting Fellow at the Centre for Strategic and International Studies. He co-edited the volumes: “The Rise of Tech Giants. A Game Changer in Global Finance and Politics” (2019), “The Near Future of CBDCs. Risks and opportunities for the global economy and society” (Peter Lang, 2021), and “Digitalisation and Geopolitics: Catalytic Forces in the (Future) International Monetary System” (2023).
Summary
In a more contentious world economy, where trade and finance are increasingly interlinked with economic security and geopolitical considerations, questions arise about the underpinnings of the US dollar's global leadership. For decades, the US dollar has reigned supreme, serving as a powerful tool of US foreign policy.
