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The U.S. Dollar's Global Roles: Where Do Things Stand?

Linda Goldberg () and Robert Lerman ()

No 20190211, Liberty Street Economics from Federal Reserve Bank of New York

Abstract: Previous Liberty Street Economics analysis and New York Fed research addressed the potential implications for the United States if the dollar?s global role changed, noting that the currency might not retain its dominance forever. This post checks the status of the dollar, considering whether any erosion in the dollar?s international standing has occurred. The evidence to date is that the dollar remains the world?s dominant currency by broad margins. Alternatives have not gained extensive traction, albeit this does not rule out potential future pressures.

Keywords: pass through; Dollar role; reserve currency (search for similar items in EconPapers)
JEL-codes: F00 (search for similar items in EconPapers)
Date: 2019-02-11
New Economics Papers: this item is included in nep-mon
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Handle: RePEc:fip:fednls:87311