Geopolitical ructions and the role of the dollar
Implications of the new US administration’s policies for the international monetary system and central banks
Central banks now face profound challenges. The foundations of the current international monetary order are in jeopardy if the policies of the new US administration undermine the US dollar as the ultimate means of settlement for international financial transactions and as the primary international reserve asset. To understand these challenges, it is useful to consider three questions:
How real are the risks of decline of the US dollar hegemony, and how quickly could it happen?What are the keyOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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