Michael Dooley on the International Monetary System and Future of Global Dollar Dominance
Macro Musings with David Beckworth
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Is the Central Bank Really the Dominant Central Bank?
The dollar is still the dominant currency. It's cause we're a big, old country and it's remarkable. Even most macro economists don't realize how integrated equity markets are around the world. If s and p closes up one % to day, europe will openit that same amount down the next day. And there are lots of reasons for that, but i think it has to do g nd p r.
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