NY Fed paper examines threat to international role of dollar
A New York Federal Reserve paper, published on Wednesday, says the role of the dollar in international markets should not be under threat as long as the US maintains strong economic fundamentals and institutions.
Linda Goldberg, the paper's author, examines whether a decline in the international role of the dollar, or a rise in the roles of other currencies, should be of concern to the US. Goldberg says that while the dollar continues to be a dominant currency internationally, were its role to
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