Hegemony of the US Dollar and Prospects for BRICS Competition
Why US policymakers can no longer ignore the shifting global landscape
The dollar still dominates, but de-dollarization is accelerating. A historical and monetary analysis — from the gold standard and Bretton Woods to the Fed's recent record, the rise of China and BRICS, and the role of gold — with three scenarios for the dollar's future and the reforms that could preserve its lead.
Zviad Khorguashvili
December 2024
Monetary Policy