Michael Dooley on the International Monetary System and Future of Global Dollar Dominance
Macro Musings with David Beckworth
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Why the Dollar Is Dominant
The more it's used, the more it grows. It may be called a first mover advantage. The fed stepping in and back stopping the global dollar system is only reinforcing those network effects. I think it would really take something big and dramatic to end the dollars roll and the global economy,. Something we haven't seen yet.
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