The Demise of the Dollar?
The aim of this article is to explain why, despite decades of doubts, the US dollar remains the world’s top currency, and more importantly, why it is likely to remain on top for years more to come. I argue that the dollar is the indispensable currency: the one money that the world cannot do without....
Saved in:
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Association Recherche & Régulation
2015-12-01
|
| Series: | Revue de la Régulation |
| Subjects: | |
| Online Access: | https://journals.openedition.org/regulation/11501 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1832577986900000768 |
|---|---|
| author | Benjamin J. Cohen |
| author_facet | Benjamin J. Cohen |
| author_sort | Benjamin J. Cohen |
| collection | DOAJ |
| description | The aim of this article is to explain why, despite decades of doubts, the US dollar remains the world’s top currency, and more importantly, why it is likely to remain on top for years more to come. I argue that the dollar is the indispensable currency: the one money that the world cannot do without. The dollar offers unique advantages that are unmatched by any other currency. The essay begins with a review of the attributes that are most essential to the international status of a currency. Only the dollar embodies the full list of attributes that make a currency internationally competitive. The euro and renminbi, by contrast, are seriously lacking in one or more respects. For the foreseeable future the greenback will remain dominant, as it has done for decades. |
| format | Article |
| id | doaj-art-c743db3e1f344b7fa52e31113a51a724 |
| institution | Kabale University |
| issn | 1957-7796 |
| language | English |
| publishDate | 2015-12-01 |
| publisher | Association Recherche & Régulation |
| record_format | Article |
| series | Revue de la Régulation |
| spelling | doaj-art-c743db3e1f344b7fa52e31113a51a7242025-01-30T14:26:09ZengAssociation Recherche & RégulationRevue de la Régulation1957-77962015-12-011810.4000/regulation.11501The Demise of the Dollar?Benjamin J. CohenThe aim of this article is to explain why, despite decades of doubts, the US dollar remains the world’s top currency, and more importantly, why it is likely to remain on top for years more to come. I argue that the dollar is the indispensable currency: the one money that the world cannot do without. The dollar offers unique advantages that are unmatched by any other currency. The essay begins with a review of the attributes that are most essential to the international status of a currency. Only the dollar embodies the full list of attributes that make a currency internationally competitive. The euro and renminbi, by contrast, are seriously lacking in one or more respects. For the foreseeable future the greenback will remain dominant, as it has done for decades.https://journals.openedition.org/regulation/11501US dollarinternational currencycurrency dominance |
| spellingShingle | Benjamin J. Cohen The Demise of the Dollar? Revue de la Régulation US dollar international currency currency dominance |
| title | The Demise of the Dollar? |
| title_full | The Demise of the Dollar? |
| title_fullStr | The Demise of the Dollar? |
| title_full_unstemmed | The Demise of the Dollar? |
| title_short | The Demise of the Dollar? |
| title_sort | demise of the dollar |
| topic | US dollar international currency currency dominance |
| url | https://journals.openedition.org/regulation/11501 |
| work_keys_str_mv | AT benjaminjcohen thedemiseofthedollar AT benjaminjcohen demiseofthedollar |