US EditionThe US Dollar’s Fall From Grace
6 Articles
6 Articles
From crisis to leadership: Vladimir Kokorin on the transformation of the EU's financial architecture - London Business News
In the global financial system, dominated by the US dollar, fundamental changes are underway. The euro, which accounts for about 20% of central bank global reserves compared to the dollar’s… The post From crisis to leadership: Vladimir Kokorin on the transformation of the EU’s financial architecture appeared first on London Business News
Michael Hüther, Vice-Chairman of Atlantik-Brücke, argues that the United States is losing its position as a hegemon of economic globalization. Here he outlines the possible consequences of this development for Europe. By Prof. Dr. Michael Hüther The historical finding is clear: phases of economic globalization require an orderly hegemon. This role held the United Kingdom in the second half of the 19th century.
Trump’s tariffs could cost the US dollar its dominance
Trump behaves as if it is possible to completely revamp the world order with a snap of his fingers, but he has forgotten that everything comes at a price. The US may reap some benefits through these tariffs, but at the same time, it may lose something far more precious. The age of a great US will come to a close the moment that it falls for the notion that its hegemony is only manageable through sheer force and bullying. What about the serv…
We need to talk about the dollar. The global reserve currency, without which for the past 80 years no one could imagine international trade, globalization, oil purchases, or, for example, the dramatic sanctions of the United States against Russia for its aggression against Ukraine or against Iran in connection with its efforts to acquire nuclear weapons. The dollar has ruled the global economy since about 1945, when it […]
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