The dollar has been the world’s primary reserve currency for the best part of a century. But as the alliances and institutions that underpin America’s dominance wither, could the currency lose its privileged position? Rachana Shanbhogue, The Economist’s business-affairs editor, and Henry Curr, economics editor, are joined in Davos by economists Gita Gopinath and Kenneth Rogoff. Together they assess the dollar’s vulnerabilities and ask what could take its place.
00:00 - When and why did the dollar start to decline?
02:40 - How does democratic backsliding impact America’s currency?
03:40 - The risks to the financial system
04:36 - Why the dollar remains resilient
05:21 - Could the euro replace the dollar?
Watch the full show: https://econ.st/4a21YKt
This time really is different for the dollar, writes Kenneth Rogoff: https://econ.st/49zaVuI
Gita Gopinath on the crash that could torch $35trn of wealth: https://econ.st/47uiKPV
China is ditching the dollar, fast: https://econ.st/4pOUcIs
Has Trump damaged the dollar?: https://econ.st/4pSLmtw
America should not push other countries to adopt the dollar: https://econ.st/4r5hVFx
How worrying is the weakening dollar?: https://econ.st/4pPjBlu
Does Trump really want a weaker dollar?: https://econ.st/4jOzuqO
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