This book analyses how financial elites in key dollar-holding emerging markets perceive the contest between the euro and the dollar for global currency status. It also assesses how far the Eurozone has gone in challenging US hegemony in monetary affairs through the prism of these elites.Drawing...

1. Introduction : the euro challenge seen from emerging markets -- 2. Reframing the euro vs. dollar debate -- 3. The material limits of the euro challenge to the dollar -- 4. The alternative of the euro and the negotiated status of the dollar -- 5. The euro's ideational challenge to the...