Is the Dollar’s Hegemonic Role in the International Monetary System Sustainable?

  1. Aitor Marcos 2
  2. Sara Urionabarrenetxea 1
  1. 1 Universidad del País Vasco/Euskal Herriko Unibertsitatea
    info

    Universidad del País Vasco/Euskal Herriko Unibertsitatea

    Lejona, España

    ROR https://ror.org/000xsnr85

  2. 2 IDOM
Revista:
Revista de economía mundial

ISSN: 1576-0162

Año de publicación: 2018

Número: 49

Páginas: 165-184

Tipo: Artículo

DOI: 10.33776/REM.V0I49.3892 DIALNET GOOGLE SCHOLAR lock_openArias Montano editor

Otras publicaciones en: Revista de economía mundial

Resumen

Desde la firma de los acuerdos de Bretton Woods, el dólar ha constituido el eje central del Sistema Monetario Internacional. No obstante, ¿es esta hegemonía sostenible en el medio plazo? Este artículo trata de responder a la pregunta utilizando un enfoque prospectivo basado en los Sistemas Adaptativos Complejos (SAC) de la Economía de la Complejidad. Si se observa el SMI como un SAC el mayor peligro deriva de su evolución endógena. El moderno dilema de Triffin y la tendencia hacia la multipolaridad en el sistema económico – como contraparte de la unipolaridad continuada del sistema monetario – hace necesaria una adaptación del sistema. En cualquier caso, dicha adaptación no se está produciendo. Así, sin necesidad de shocks externos, la propia naturaleza del SMI genera la erosión de la confianza en el dólar en medio y largo plazo. Es esencial la cooperación de los agentes interactivos que participan en el sistema para lograr la adaptación del SMI y su propia reconstrucción.

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