Indeed, the specification of equilibrium in the world economy depends on the exchange rate regime and thus, the early … foreign exchange markets. However, the world has known several exchange rate systems beginning with the fixed-gold standard … exchange was deregulated, independent traders finally had access to the biggest trading market of the world; and these forex …

perspectives, following the recent developments of the Marxist theory of world money. The paper treats the US Dollar as a primus … inter pares quasi-world money and challenges the argument of the US hegemony by exploring the behavior of major capitalist … hierarchical structure of the corresponding quasi-world moneys. Although part of a vast literature on international reserves, the …

world known as the Pax Americana. Nowadays, the weakness of the US dollar is making specialists wonder if we are witnessing …