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Will the U.S. Dollar Remain the Global Reserve Currency?

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  • Marek Dabrowski

Abstract

The U.S. economy’s rapidly growing trade and current account deficits and systematic weakening of the dollar against the Euro and other currencies raised several concerns about its future as the global reserve currency. Skeptics of the U.S.’s enduring economic and political power proposed a new global reserve currency. Although changes in the global reserve currency system are possible they will not happen rapidly and will be driven by market rather than by political choices. Even if they do take place, they will be driven by market rather than political choices.

Suggested Citation

  • Marek Dabrowski, 2010. "Will the U.S. Dollar Remain the Global Reserve Currency?," CASE Network E-briefs 12, CASE-Center for Social and Economic Research.
    • Handle: RePEc:sec:ebrief:1012
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    File URL: https://case-research.eu/upload/publikacja_plik/31140679_Ebrief_US_Dollar_Dabrowski_12_2010.pdf
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    Cited by:

    1. Marek Dabrowski & Lukasz Janikowski, 2018. "Virtual currencies and their potential impact on financial markets and monetary policy," CASE Reports 0495, CASE-Center for Social and Economic Research.

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    Keywords

    global reserve currency; US economy;

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