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The U.S. dollar saw a 9% decline in its share of global reserves in 2023, causing many to question since then whether the dollar’s days of dominance are over. This shift underscores a gradual ...
The U.S. dollar saw an 8% decline in its share of global reserves in 2022 — causing some to question whether the dollar’s days of dominance are over.
The U.S. dollar saw a 9% decline in its share of global reserves in 2023, causing many to question since then whether the dollar’s days of dominance are over. This shift underscores a gradual ...
The dollar's dominance in financial markets has slipped, with the greenback accounting for less than 60% of global reserves in 2024, per IMF data.
The term exorbitant privilege (privilège exorbitant in French) refers to the benefits the United States has due to its own currency (the US dollar) being the international reserve currency. For example, the US would not face a balance of payments crisis, because their imports are purchased in their own currency. Exorbitant privilege as a ...
President-elect Donald Trump won a return to the White House in part by promising big changes in economic policy — more tax cuts, huge tariffs on imports, mass deportations of immigrants working ...
The US dollar continues to underpin the world economy and is the key currency for medium of international exchange, unit of account (e.g. pricing of oil), and unit of storage (e.g. treasury bills and bonds) and, despite arguments to the contrary, is not in a state of hegemonic decline (cf. Fields & Vernengo, 2011, 2012).
At the same time, the valuation gap between the U.S. and the rest of the world could become so wide that U.S. stocks start looking expensive, or international equities become too cheap to ignore.