Since the start of the European Monetary Union there has been an intense debate on whether the euro would challenge the U.S. dollar’s dominant role first as an international currency, and then as an official reserve currency. Five years after the euro was born, it is considered without doubt...

The aim of this paper is to combine the state theory of money with institutionalism. These theoretical traditions have a lot in common and this paper is a further attempt to clarify the connections and benefits of their relations. Recent developments in social ontology as well as the expansion...