Economics, Econometrics and Finance
3 years ago

National currencies challenge US dollar dominance in international monetary system.

Palgrave Macmillan studies in banking and financial institutions
Role of National Currencies in Transforming International Monetary System
V. L. Shapovalov

Paper Summary

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The article discusses how using the Euro and Chinese Yuan in international transactions is slowly reducing the dominance of the US dollar. To promote national currencies like the Euro and Yuan internationally, governments need to provide support, engage with global markets, maintain economic stability, and develop financial markets.