How Global Currencies End

September 12, 2023

By Barry Eichengreen

Whether the dollar retains its global role will depend not simply on the United States’ relations with Russia, China, or the BRICS countries. Rather, it will hinge on whether the US brings its soaring debts under control, avoids another unproductive debt-ceiling showdown, and gets its economic and political act together more generally.

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How Global Currencies End

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