Is China Dumping the Dollar? - And is Ray Dalio Right about Reserve Currencies?
Patrick Boyle On Finance
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The Evolving Role of U.S. Dollar in Global Reserves
This chapter explores the complexities of U.S. dollar dominance and its implications for countries like Japan and China that hold substantial amounts of U.S. government bonds. It traces the historical evolution of foreign exchange reserves from emergency funds to strategic investments, highlighting the changing philosophies of central banks and their impact on global financial stability.
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