
Robert McCauley on the Global Domain of the Dollar and Threats to Its Dominance
Macro Musings with David Beckworth
00:00
What Is the Dollar of the Dollar Zone?
The dollar area has with quite an amazing consistency been something like 60% two thirds of the global economy. Russia was an interesting case when it first sort of emerged, it was managed to be half euro and half dollar. And so I think it has since moved more in the direction of the euro which makes sense when you look at the where the Russian sell their gas and oil.
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