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The Dollar Still Dominates, but De-dollarization Is Unstoppable

The United States enjoys a special advantage because of the preeminent status of its dollar as the world’s leading reserve currency and medium of exchange. Other countries are increasingly moving toward knocking the dollar off its throne through de-dollarization. The trend is unstoppable, but it’s unlikely the dollar will lose much of its authority any time soon. ....

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Global Linkages: Supply, Spillovers, And Common Challenges, Federal Reserve Governor Lisa D. Cook, At "Global Linkages In A Post-Pandemic World" 2023 Asia Economic Policy Conference, Sponsored By The Federal Reserve Bank Of San Francisco Center For Pacific Basin Studies, San Francisco, California

Global Linkages: Supply, Spillovers, And Common Challenges, Federal Reserve Governor Lisa D. Cook, At "Global Linkages In A Post-Pandemic World" 2023 Asia Economic Policy Conference, Sponsored By The Federal Reserve Bank Of San Francisco Center For Pacific Basin Studies, San Francisco, California
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Europeans poorer as recession, Ukraine war take toll

Europeans poorer as recession, Ukraine war take toll
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New York Fed Identifies a New Way Dollar Hegemony Is Not Good for Emerging Economies and Other Growing Things

Another mechanism by which US does harm through our indifference to to the impact of our dollar/interest rate policies on other countries. ....

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