Monetary hegemony is an economic and political concept in which a single state has decisive influence over the functions of the international monetary system. A monetary hegemon would need: accessibility to international credits, foreign exchange markets the management of balance of payments problems in which the hegemon operates under no balance of payments constraint.
Monetary hegemony is an economic and political concept in which a single state has decisive influence over the functions of the international monetary system. A monetary hegemon would need: accessibility to international credits, foreign exchange markets the management of balance of payments problems in which the hegemon operates under no balance of payments constraint.
Source: Wikipedia "Monetary hegemony" · CC BY-SA 4.0
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