Corporate finance. The geopolitics of currencies and crypto-currency development
The dollar remains strong and, despite a few crises, is still the world’s preeminent reserve currency. The euro, on the other hand – although it does represent a solid and advanced economy – has not managed to become a reserve currency capable of replacing the dollar. The currency “multipolarism” now emerging – difficult to construct yet certainly inexorable – is going to include the phenomenon of cryptocurrencies. The trend is toward a multipolar system with one dollar/euro area and another consisting of many of those currencies currently located outside that area.