Dollar dominance means US risks also pose risks to others

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Title: Dollar dominance means US risks also pose risks to others
Organization: Bank of Finland
Series: Bank of Finland. Bulletin
Series volume: 93
Series number: 1/2019
Year of publication: 2019
Publication date: 3.4.2019
Pages: 37-40
Subject (yso): Yhdysvaltain dollari; riskit; rahoitusjärjestelmät; valuutta; riskienhallinta
Keywords: järjestelmäriskit; valuuttajärjestelmät; kansainvälinen rahoitusjärjestelmä; Yhdysvallat
Other keywords: dollar; financial system; monetary system; systemic risks
Abstract: The dominant position of the US dollar exposes other countries to changes in the economy and domestic policies of the United States, while also creating global systemic risks. The role of the dollar is expected to decrease with time as the roles of other economic areas and their currencies increase. Given the lack of a realistic competing currency, however, it is rather unlikely that the status of the dollar will weaken at the moment, which highlights the need for cooperation in terms of managing risks to the international financial system.
Link: http://www.bofbulletin.fi/
Rights: https://helda.helsinki.fi/bof/copyright


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