Macro Musings with David Beckworth cover image

Robert McCauley on the Global Domain of the Dollar and Threats to Its Dominance

Macro Musings with David Beckworth

00:00

Dollars Outside the US

A large disproportionate number of assets are denominated in dollar form. The Federal Reserve was very happy to lend dollars to central banks in Europe and Japan so that these sorts of obligations didn't all come up. Now there's more to the story though you bring up another question, how big is the dollar zone?

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