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Is the Era of the Dollar Over?

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  • Wyplosz Charles

Abstract

The financial crisis has led to the setting up of the G20 and to a historically large new allocation of Special Drawing Rights. Is this signaling the end of the dominant role of the U.S. dollar and to a new world order based on a global currency? The paper argues that, for many reasons, there is readily available currency to replace the dollar although the era of a dollar-only international currency is coming to an end.

Suggested Citation

  • Wyplosz Charles, 2010. "Is the Era of the Dollar Over?," Journal of Globalization and Development, De Gruyter, vol. 1(2), pages 1-16, December.
    • Handle: RePEc:bpj:globdv:v:1:y:2010:i:2:n:16
    DOI: 10.2202/1948-1837.1117
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    References listed on IDEAS

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    1. Richard Portes & Hélène Rey, 1998. "The emergence of the euro as an international currency," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 13(26), pages 306-343.
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    4. Barry Eichengreen & Marc Flandreau, 2008. "The Rise and Fall of the Dollar, or When Did the Dollar Replace Sterling as the Leading International Currency?," NBER Working Papers 14154, National Bureau of Economic Research, Inc.
    5. Eichengreen, Barry & Flandreau, Marc, 2009. "The rise and fall of the dollar (or when did the dollar replace sterling as the leading reserve currency?)," European Review of Economic History, Cambridge University Press, vol. 13(3), pages 377-411, December.
    6. Charles Wyplosz, 2002. "How Risky is Financial Liberalization in the Developing Countries?," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 44(2-3), pages 1-26, September.
    7. Menzie D. Chinn & Jeffrey A. Frankel, 2008. "The Euro May Over the Next 15 Years Surpass the Dollar as Leading International Currency," NBER Working Papers 13909, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Jeremy Srouji, 2022. "Reframing The US Dollar Debate: What Outlook for the US Dollar as World Money?," GREDEG Working Papers 2022-06, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.

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