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.
In this summary, you will learn
- Why the US dollar remains the world’s global reserve currency,
- What other currencies could mount a challenge to dollar dominance and
- What reforms could accelerate this possibility.
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.