The Role of the Dominant Economy in the Global Dollar System

Dan McDowell is an associate professor of political science at Syracuse University, and he is the author of a new book titled, *Bucking the Buck: US Financial Sanctions and the International Backlash Against the Dollar.* Dan joins Macro Musings to talk about this new book and the prospects for de-dollarization around the world. David and Dan also discuss the mechanics and effectiveness of financial sanctions, the renminbi as a rival to the dollar, Russia and Turkey as case studies, and more.

Transcript for this week’s episode

Dan’s Twitter: @daniel_mcdowell

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Dan’s Syracuse University profile

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Related Links:

*Bucking the Buck: US Financial Sanctions and the International Backlash against the Dollar* by Dan McDowell

*What’s Driving Dollar Doomsaying?* by Paul Krugman

*Renminbi’s Share of Trade Finance Doubles Since Start of Ukraine War* by Hudson Lockett and Cheng Leng