Michael Dooley on the International Monetary System and Future of Global Dollar Dominance
Macro Musings with David Beckworth
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The Resurrection of Bretonwoods
The share of world g d p that's linked in some form to the dollar is about it was under the original briton wood system. It hasn't really changed, you know. And a's anywhere from 65 to 70 %. In china, for example, anso. 20 15 was an important year to understand this. As the dollar appreciated dramatically against everybody. The chinese government had, since the very beginning, equated domestic stability with a stable dollar. They let it go up, and they still had a basket of currency. A much smaller curea is probably the best example of a country that just allowed the dollar going too far. That was effectively the end of
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