Summary of The US Dollar

Looking for the report?
We have the summary! Get the key insights in just 5 minutes.

The US Dollar summary
Start getting smarter:
or see our plans

Rating

8

Qualities

  • Analytical
  • For Experts
  • Eye Opening

Recommendation

In the post-World War II era, global policy makers depended on the US dollar as the global reserve currency. However, with the frenetic expansion of globalization, currencies such as the euro, yen and now even the renminbi have staked a claim as a potential competitor to US dollar dominance. Investment expert Amar Reganti explores the US currency’s rivals and the obstacles to their displacing the dollar and achieving reserve currency status. getAbstract recommends this insightful and detailed report to policy makers, executives and investors interested in understanding the current and future global currency architecture. 

About the Author

Amar Reganti is a member of GMO’s asset allocation team and former deputy director of the Office of Debt Management for the US Treasury. 

 

Summary

With the 2015 inclusion of the Chinese renminbi (RMB) into the basket of currencies that make up the IMF’s Special Drawing Rights (SDR), the RMB took another step toward global reserve currency status, potentially challenging the US dollar. However, the RMB has to jump considerable hurdles to attain that rank. The IMF defines the SDR as made up of “the currencies that are issued by members or monetary unions whose exports had the largest value over a five-year period and have been determined by the IMF to be ‘freely usable’.” The SDR consists of the US dollar, at 41.73%; the euro, 30.93%; the...


More on this topic

By the same author

The 100 Year
8

Customers who read this summary also read

The Euro as an International Currency
7
Cryptocurrencies and Monetary Policy
8
And the Weak Suffer What They Must?
8
Digital Cash
8
Watch Out World, Here Come Chinese Government Bonds
8
10 Economic Shocks to Look Out For in 2017
8

Related Channels

Comment on this summary