From the dollar standard regime of the Plaza Accord to a crypto standard regime
DOI:
https://doi.org/10.13133/2037-3643/19116Keywords:
international monetary regimes, international economic agreements, international finance, cryptocurrenciesAbstract
Starting from the Plaza Agreement, which in 1985 proposed to regulate the functioning of the dollar standard, the international monetary system has experienced a series of evolutions following the collapse of the USSR, the development of globalization, culminating in the birth of the WTO and the growth of China, and the protectionist reversal of US foreign relations. The abnormal growth of finance resulted in the world crisis of 2008, paving the way for the emergence of Bitcoin, the private virtual currency, followed by many cryptocurrencies, which met with market approval, leading the authorities to legitimize their existence, until the Trump Administration’s statement in March 2025, which laid the foundations for a profound change in the international monetary regime from the dollar to a crypto standard.
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