Daniel W. DreznerForeign Policy
China is offloading their treasuries they want to get away from the Greenback US dollar as the world's Reserve currency that is a big advantage to the US the benefits heavily outweigh the costs China is trying to contend with the US
A global currency is one that is accepted for trade throughout the world. Some of the world's currencies are accepted for most international transactions. The most popular are the U.S. dollar, the euro, and the yen. Another name for a global currency is the reserve currency. According to...
Barry Eichengreen had a very interesting piece in last week’s Wall Street Journal. In it he argues that we are approaching the end of the period in which the US dollar is the world’s dominant reserve currency, and suggests what that might mean for the
in U.S. Dollars, which is the currency of choice for the bulk of the global oil trade. While it should be noted that this talkhas been making headlines for the past four yearswithout actually coming to fruition, the U.S. should stop taking the respected status of the Doll...
’s and households’ debts, along with the Federal Reserve’s policy of keeping US interest rates low to ward off deflation, stimulate the financial markets, and revive growth, which is difficult without fiscal policy, has revived concerns about a sudden and sharp depreciation of the US dollar...
a这个老人去世后给他残疾的儿子留下了大量的财产 After this old person died the disabled son has left behind the massive properties for him[translate] a美元可作为国际储备货币,直接用于对外支付, US dollar may take the international reserve currency, uses in the foreign payment directly,[translate]...
Today, the US dollar is considered the “reserve” currency in the world. Unofficially, the US dollar began its global reserve status in 1921, after Britain’s pound sterling lost its status in 1920. Then after the Bretton Woods Conference in 1945 the monetary authorities in the world decided...
China recently called for SDRs to replace the dollar as the international reserve currency and diminish the US economic supremacy. This column argues that because of the huge network benefits associated with using dollars, SDRs are not likely to supplant
A world currency is any money that can freely be used or exchanged for another currency inside or outside the borders of the country that issues it. It may also be called a global currency. The firstU.S. dollar(USD) is the official currency of the United States and several other c...