Is the Era of the Dollar Over?

Charles Wyplosz

Journal of Globalization and Development, 2010, vol. 1, issue 2, 16

Abstract: The financial crisis has led to the setting up of the G20 and to a historically large new allocation of Special Drawing Rights. Is this signaling the end of the dominant role of the U.S. dollar and to a new world order based on a global currency? The paper argues that, for many reasons, there is readily available currency to replace the dollar although the era of a dollar-only international currency is coming to an end.

Keywords: international currency; foreign reserves; U.S. dollar; SDR (search for similar items in EconPapers)
Date: 2010
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DOI: 10.2202/1948-1837.1117

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