The EM Financial Stability Report Card | Rohit Goel on Emerging Markets, Dollar Dominance, and Term Premia
Monetary Matters with Jack Farley
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The Evolving Landscape of Currency Reserves
This chapter explores the complex dynamics of the U.S. dollar's role as a global reserve currency amidst changing economic conditions. It discusses the rise of alternative currencies and gold as reserve assets, highlighting shifting behaviors among central banks and emerging markets. The chapter ultimately reflects on the potential for a multipolar currency system while acknowledging the dollar's enduring significance.
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