The Surprising Resilience of the U.S. Dollar  

Oleh:

Frank, Ellen

Jenis: Article from Journal - ilmiah internasional
Dalam koleksi: Review of Radical Political Economics vol. 35 no. 3 (Sep. 2003), page 248-254.
Topik: international reserves; U.S. dollar; multinational corporations
Fulltext: 248RRPE353.pdf (55.72KB)

Isi artikel

After declining steadily from 1974 to 1994, the U.S. dollar share of international currency holdings has been rising dramatically over the past few years, making the dollar the primary vehicle for liquidity in global markets. This article will argue that dollar usage is founded on the overwhelming military and economic power of the United States, making it unlikely that there will soon be a flight from the dollar.

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