The Global Currency Power of the US Dollar

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Exploring the US dollar's role as the primary reserve currency, this book analyzes the factors contributing to its dominance and the benefits it provides to both the US and other nations. It also highlights the potential costs and threats to global financial stability posed by a dollar-centric system. The author discusses three alternative currency arrangements to mitigate these issues: transitioning to a multi-reserve currency system, enhancing the IMF's role, and introducing central bank digital currencies.