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Ken Rogoff on Past, Present, and Future of U.S. Dollar Hegemony

Monetary Matters with Jack Farley

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The Future of the U.S. Dollar in a Shifting Global Landscape

This chapter explores the advantages and disadvantages of the U.S. dollar as the global reserve currency and its impact on borrowing costs for Americans compared to emerging economies. It delves into potential declines in dollar hegemony, considering geopolitical dynamics and the rise of alternative currencies like the Renminbi. The discussion concludes with reflections on future currency systems and the implications of competing global economic strategies.

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