"The Foundations Of Dollar Dominance Are Weaker than Anticipated..."
This story raises questions about governance, accountability, and American values.
"The Foundations Of Dollar Dominance Are Weaker than Anticipated..." Authored by Christoph Gisiger via themarket.ch, Economist Barry Eichengreen is one of the foremost experts on the global financial system.
His new book examines 2,500 years of international currency history. In this interview, he discusses the fading hegemony of the dollar, outlines the coming global monetary order, and explains his growing concerns.
King Dollar is staging a comeback. Since the start of the Iran war, the greenback has been in demand as a safe-haven asset. The losses following the price slide at the beginning of the year against the Swiss franc, euro, and other major currencies have been recuperated.
Yet, although the dollar accounts for around 60% of global foreign exchange reserves and dominates more tha...
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