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1 juin 2023
- handle: 10670/1.3yrd7f
Ce document est lié à :
10.15446/cuad.econ.v42n88.104706
info:eu-repo/semantics/openAccess
Mots-clés
China mercantilism USA world market world moneySujets proches
Specie Monetary question Money, Primitive Currency Standard of valueCiter ce document
Hernando Matallana, « World money, China and the USA and global mercantilism. A Monetary-Keynesian interpretation. », Cuadernos de Economía, ID : 10670/1.3yrd7f
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Résumé
China and the USA are caught up in an exacting and complex competition for world hegemony. Both countries seek to instrumentalise the world market to their advantage and deploy their global power strategies at monetary, financial and economic levels, the USA as a means to maintain its global hegemony China to challenge this order and establish its own dominance. The current function of the national currency of the largest international net debtor as the dominant world money entails a systemic market-logical contradiction. Rising tensions between the USA and its allies and China will not be reduced by the renminbi becoming a world money. JEL: E12, E50, F30, F40.