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The Future of the Dollar: Has the Unthinkable Become Thinkable?

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Author Info
Korkut A. ErtŸrk
Abstract

The big question is whether the dollar--the world's reserve currency--can survive a steep fall in its value without the active support of the major central banks. Can the United States broker another Plaza Accord, as it did in 1985 when the dollar lost half of its value against the yen and the mark within two years, without jeopardizing its unique international role? Is an orderly retreat for the dollar possible today?

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Paper provided by Levy Economics Institute, The in its series Economics Policy Note Archive with number 03-7.

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Handle: RePEc:lev:levypn:03-7

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  1. Dimitri B. Papadimitriou & Anwar Shaikh & Claudio H. dos Santos & Gennaro Zezza, 2002. "Is Personal Debt Sustainable?," Economics Strategic Analysis Archive 02-11, Levy Economics Institute, The. [Downloadable!]
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This page was last updated on 2008-8-26.

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