looking beyond borders

foreign policy and global economy

Archive for the tag “Dollar”

It Is Time To Abandon Dollar Hegemony

To date, there is little reason to think that global demand for dollars is drying up. But there is another way the United States could lose its status as issuer of the world’s dominant reserve currency: it could voluntarily abandon dollar hegemony because the domestic economic and political costs have grown too high.

Read Here – Foreign Affairs

Perfect Storm Sinking The Almighty Dollar

The “dollar-is-crashing” trade is the ultimate widow-maker. For decades, it’s confounded more punters than bets against Chinese stocks, Japanese debt and Hong Kong property combined. Yet might it soon pay off, finally, thanks to Donald Trump’s blunderbuss of a White House? The odds don’t favour it, at least for now.

Read Here – Asia Times

Late Soviet America

Like the Soviet Union in its final years, the United States is reeling from catastrophic failures of leadership and long-suppressed socioeconomic tensions that have finally boiled over. For the rest of the world, the most important development is that the hegemony of the US dollar may finally be coming to an end.

Read Here – Project Syndicate

The Future Of The Dollar

Photo by Pepi Stojanovski on Unsplash

The enduring dominance of the dollar is remarkable—especially given the rise of emerging markets and the relative decline of the U.S. economy, from nearly 40 percent of world GDP in 1960 to just 25 percent today. But the dollar’s status will be tested by Washington’s ability to weather the COVID-19 storm and emerge with economic policies that allow the country, over time, to manage its national debt and curb its structural fiscal deficit.

Read Here – Foreign Affairs

The Pandemic Is Shaking The Dollar’s Supremacy

After three years of US President Donald Trump abusing America’s dominant position in the global monetary and financial system, his administration’s disastrous response to the COVID-19 pandemic will further erode faith in the dollar. And if the days of America’s “exorbitant privilege” come to an end, so will much else.

Read Here – Project Syndicate

U.S. Economic Supremacy Has Repeatedly Proved Declinists Wrong

Photo by Pepi Stojanovski on Unsplash

The United States is the battle-tested survivor of 12 recessions and a Great Depression over the last century. China has not suffered a recession since its economic boom began four decades ago, and its leaders now respond to any hint of a downturn by pumping more debt into the economy.

Read Here – Foreign Affairs

The Twilight Of America’s Financial Empire

In turning financial relationships into a tool of empire, the United States follows in the footsteps of ancient Athens. The experience of this predecessor does not augur well for Washington. Athens used its financial power to abuse its allies and in doing so precipitated its own ruination. The United States risks doing the same.

Read Here – Foreign Affairs

How A Weaponised Dollar Could Backfire

United States foreign policy under President Donald Trump continues to run counter to America’s traditional post-war objectives. Should the US carelessly relinquish leadership of the global multilateral order, the dollar might eventually lose its own long-standing primacy.

Read Here – Project Syndicate

Is Politics Getting To The Fed?

In the early 1980s, the chairman of the US Federal Reserve, Paul Volcker, was able to choke off runaway inflation because he was afforded the autonomy necessary to implement steep interest-rate hikes. Today, the Fed is clearly under unprecedented political pressure, and it is starting to show.

Read Here – Project Syndicate

Europe’s Dream: Escaping The Dictatorship Of The Dollar

Trump’s hostile behaviour is reinvigorating efforts to turn the euro into an alternative to the world’s dominant currency. If only the Europeans could find some way to do it.

Read Here – Foreign Policy

Post Navigation

%d bloggers like this: