Will the Dollar be Dethroned as the Main Reserve Currency?
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and
The U.S. dollar was in the line of fire as leaders from the largest developed and developing countries participated in the G8 meeting in July, 2009. China and other emerging market heavyweights such as Russia and Brazil are pushing for debate on an eventual shift away from the dollar to a new global reserve currency. These countries are particularly concerned about the heavy debt burden of the United States and fear inflation will further debase the dollar which has lost 33 percent in value against other major currencies since 2002. Will the dollar continue as the main reserve currency of the world? What are the other currencies to watch as challengers to the throne? This paper addresses these questions.
©2011 Walter de Gruyter GmbH & Co. KG, Berlin/Boston
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Articles in the same Issue
- Article
- Will the Dollar be Dethroned as the Main Reserve Currency?
- U.K. Inflation and Relative Prices over the 1997 to 2006 Period: How Important was Globalization?
- Unit Values, Productivity, and Trade - Determinants of Spanish Export Strength
- Labor, Capital Service, and Productivity Contributions to National Economic Growth: Focusing on the Japanese Case
- What's New in Our World?
- Ending the Tax Haven Scandals
- Thinking Outside the Cycle
- The Volatility of Sovereign Wealth Funds
- Factory Farming and Potential Problems in International Trade
- Determinants of Economic Growth in Japan: The Role of Foreign Direct Investment