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Dr. Barry Eichengreen & Joseph Wang on Dollar Dominance, “Problematic” Levels of Government Debt, Modern Monetary Theory (MMT), and Central Bank Digital Currencies

Forward Guidance

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Dollar Dominance, Government Debt, and Potential Transition

Exploring the concept of dollar dominance and the levels of government debt in different countries, this chapter discusses the challenges faced by emerging markets, the historical transition away from pound sterling, and the factors contributing to the resilience of dollar dominance.

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