Economics, Econometrics and Finance
4 years ago

Dollar Dominance Soars as Euro Fades: Global Finance Shifts

SSRN Electronic Journal
The Rise of the Dollar and Fall of the Euro as International Currencies
Matteo Maggiori, Brent Neiman, Jesse Schreger

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The dollar is becoming more popular than the euro as an international currency. This shift is driven by factors like instability in the euro zone and the dollar's strong performance during the global financial crisis. The dollar is seen as a safer option by global investors, leading to its increased use in trade and finance.