From an article recently published in Foreign Affairs:
The issue of the dollar, in the end, is less about the strength of the United States than about the weakness of the world. Until this difference changes, and it seems no matter how badly the United States plays its cards, don’t expect the dollar to go down.
Summary graph:
Eswar Prasad also wrote “The Dollar Trap”, and an article on finance and development for 2022. Also, repeat: digital currencies etc., see “The Future of Money”.
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