The Demise of the Dollar?

Benjamin J. Cohen

Revue de la Régulation - Capitalisme, institutions, pouvoirs, 2015, vol. 18

Abstract: The aim of this article is to explain why, despite decades of doubts, the US dollar remains the world’s top currency, and more importantly, why it is likely to remain on top for years more to come. I argue that the dollar is the indispensable currency: the one money that the world cannot do without. The dollar offers unique advantages that are unmatched by any other currency. The essay begins with a review of the attributes that are most essential to the international status of a currency. Only the dollar embodies the full list of attributes that make a currency internationally competitive. The euro and renminbi, by contrast, are seriously lacking in one or more respects. For the foreseeable future the greenback will remain dominant, as it has done for decades.

Keywords: dollar; monnaie internationale; hégémonie monétaire; US dollar; international currency; currency dominance; dólar; moneda internacional; hegemonía monetaria (search for similar items in EconPapers)
JEL-codes: E42 F33 N22 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

Downloads: (external link)
http://regulation.revues.org/11501 (text/html)
http://regulation.revues.org/pdf/11501 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rvr:journl:2015:11501

Access Statistics for this article

More articles in Revue de la Régulation - Capitalisme, institutions, pouvoirs from Association Recherche et Régulation
Bibliographic data for series maintained by Pascal Seppecher ().