Global Reserve Currencies and the Triffin Dilemma
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The Evolution of Global Reserve Currencies and the Triffin Dilemma
This chapter delves into the historical journey of global reserve currencies, tracing the dominance of certain coins from the Middle Ages to the U.S. dollar's rise post-World War II. It highlights key agreements like Bretton Woods, the emergence of the petrodollar system, and the challenges posed by the Triffin dilemma.
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