Cryptomercantilism and monetary sovereignty: A reading list
James Keenan
Monetary sovereignty is a concept often discussed in MMT circles, but I rarely see that term used elsewhere. When I do see someone using it, my attention is drawn. Today I encountered it in a series of articles by a group of Eurozone monetary scholars discussing cryptomercantilism, which one of them defines as "Donald Trump’s strategy of merging neo-mercantilism with digital finance to reinforce the international dominance of the US dollar." I've begun to develop a reading list.
"Cryptomercantilism: Donald Trump's monetary doctrine", by Eric Monnet. SUERF Policy Brief, No. 1139, 10 Apr, 2025.
French-language original of the above: "Cryptomercantilisme : la doctrine économique de Donald Trump".
"US dollar stablecoin mercantilism is an opportunity to promote payment multilateralism and the international role of the euro", by Jens van t Klooster, Edoardo D. Martino and Eric Monnet, 3 Jul 2025.
"Cryptomercantilism vs. Monetary Sovereignty", also by Klooster, Martino and Monnet. European Banking Institute Working Paper Series No. 200 and Amsterdam Center For Law & Economics Working Paper No. 2025-06, 14 Oct 2025.