The Dollar's Dominance: Historical Insights and Future Challenges

This chapter explores the historical journey of the U.S. dollar as the world's dominant currency, tracing its emergence and evolution amid global financial changes. It discusses perspectives from countries like Japan and China, the role of financial institutions, and the impact of regulations on U.S. economic influence. Additionally, it addresses the challenges posed by rising cryptocurrencies and geopolitical tensions that may affect the dollar's status going forward.