Love it or hate it... the dollar's here to stay

Eswar Prasad interviewed by Viv Davies,

Date Published

Sat, 03/29/2014

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See Also

Prasad, Eswar S (2014) The Dollar Trap: How the U.S. dollar tightened its grip on global finance , Princeton University Press.

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Topics

Exchange rates
Tags
foreign exchange reserves, international currency, exchange-rate policy, Currency wars, Emerging-market economies

Related Article(s)

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When

10 March 2014

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One or multiple international currencies? Evidence from the history of the oil market

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Since the Second World War, the dollar has been the currency used most commonly in financial, trade, and cash transactions worldwide. Whether that will remain the case is the subject of an intensifying debate in global financial circles. Already, the euro is counted as the dollar’s dominant challenger, while China’s central bank governor, among others, has suggested establishing an alternative (some might say, rival) “super-sovereign reserve currency.”

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Topics:  Exchange rates International finance Monetary policy

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Benjamin J. Cohen 13 September 2008

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The upcoming tenth anniversary of Europe’s Economic and Monetary Union (EMU) has sparked much discussion over the future of the euro as an international currency. For many economists, it is only a matter of time until the euro overtakes America’s greenback. Jeffrey Frankel, for example, predicts that Europe’s joint money could surpass the dollar within as few as ten years. Is that realistic?

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Topics:  Politics and economics

Tags:  euro, international currency, Political Economy

The euro could surpass the dollar within ten years

Jeffrey Frankel 18 March 2008

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The International Economy recently asked experts: Ten years from now, which will likely be the next great global currency?

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Topics:  International finance

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