Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 1 of 1
Full-Text Articles in Entire DC Network
The Shifting Dynamics Of International Reserve Currencies, Robert Righi
The Shifting Dynamics Of International Reserve Currencies, Robert Righi
Honors Theses
Throughout most of post World War II period, the United States dollar has been globally accepted as the dominant reserve currency. This dominance comes with “exorbitant privilege” or special benefits such as not having a balance of payments problem. Therefore, with the shifting of global geopolitical balance of power in the age of Trump, along with the recognition by the IMF of the Chinese renminbi as an international reserve currency in 2015, it is important to understand the modern influence of reserve currencies. We provide an updated study of the status of the dollar, the euro, and in particular, the …