Photis Lysandrou, "Dollar Dominance: Why It Rules the Global Economy and How to Challenge It" (Policy Press, 2025)
About this episode
Photis Lysandrou discusses the reasons behind the dollar's dominance in the global economy amidst various crises.
In a world shaken by crises, why does the dollar continue to dominate? In Dollar Dominance: Why It Rules the Global Economy and How to Challenge It (Policy Press, 2025) Photis Lysandrou explores the interaction between global instability and the enduring strength of the dollar. Drawing on examples from the 2008 Great Financial Crisis to the COVID-19 pandemic and Russia's invasion of Ukraine, the author reveals how uncertainty and instability in global trade, production and politics drives investors towards the safety of the dollar, reinforcing its dominance over other currencies. With clear and insightful analysis, Lysandrou reveals the true global financial foundations of dollar dominance, and lays out what it would take for other currencies such as the Euro to challenge its position Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://newbooksnetwork.supportingcast.fm/economics
People in this episode
Host: Marshall Poe
Guest: Photis Lysandrou
Topics covered
- dollar dominance
- global economy
- financial crises
- currency competition
- investor behavior
Keywords
- dollar
- global economy
- financial crisis
- currency
- investors
- trade
- politics
Mentioned in this episode
Organizations: Policy Press
Books & works: Dollar Dominance: Why It Rules the Global Economy and How to Challenge It
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