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"The dollar will remain the world's dominant currency," he said, adding, "Dominant currency doesn't mean only currency".
The US dollar was the dominant currency: 87% of deals contained the dollar on one side.
* Correction: the dollar only became the dominant currency of foreign-debt denomination in Poland in 1919.
"This pact hardly unseats the dollar as the world's dominant currency," he said.
Banking, Trade, and the Making of a Dominant Currency (with Gita Gopinath) November 2017, revised March , 2018
But the United States could lose some of the prestige and diplomatic influence that goes with having a dominant currency.
Similar(21)
The dollar and the euro will be the two dominant currencies in the world.
Among the research issues that I would like to push, one would be understanding the role of dominant currencies like the dollar in international trade and finance.
They are thus pushing the officials at the meeting to issue a statement of at least mild concern about the current relationship between the world's three dominant currencies.
Moreover, with an exchange rate fixed to a basket of world dominant currencies especially US dollars, the Thais had enjoyed a long period of nominal exchange rate stability as the baht had fluctuated very narrowly between 24.91-25.59 baht per dollar (Table 1), stable price level of 3.3-5.9 3.3-5.9igh interest rate at around 13.25% before the crisis.
Most important is the state of the world's dominant currencies, the dollar, yen, euro and pound, and the central bankers who guide them.
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