3min chapter

Goldman Sachs Exchanges cover image

Daunting debt limit dynamics

Goldman Sachs Exchanges

CHAPTER

The Demand for Dollars in the Global Economy

High demand for dollars as a secure, safe asset internationally is not really questioned. Kaplan warns that this tail risk could eventually erode the willingness of countries and investors to hold U.S. dollars. "It starts to slowly create a challenge for the dollar in developing countries over the long run," he says.

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