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The US Dollar as a Global Currency

In: The Global Currency Power of the US Dollar

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  • Anthony Elson

    (Johns Hopkins University)

Abstract

This chapter provides a summary overview of the contents of the book, beginning with a discussion of the various ways in which the dollar serves as the de facto currency of the global economy. The chapter identifies the main factors that account for this dominance of the dollar, as well as the benefits, costs and growing risks of this arrangement for global financial stability. Possible reforms of the current dollar-dominated reserve system are highlighted that are discussed in the closing chapters of the book.

Suggested Citation

  • Anthony Elson, 2021. "The US Dollar as a Global Currency," Springer Books, in: The Global Currency Power of the US Dollar, chapter 0, pages 1-14, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-83519-4_1
    DOI: 10.1007/978-3-030-83519-4_1
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