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Will the U.S. dollar remain strong?

Author

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  • Masaya Sakuragawa

    (Professor, Keio University)

Abstract

This paper consists of two main parts. In the first part, I will describe the historical background of how the U.S. dollar has acquired and maintained its monopoly status as an international currency. In the second half, we will consider whether China, which has emerged as a challenger to the United States, may threaten the hegemony of the United States, and explore the future course of the international currency system.

Suggested Citation

  • Masaya Sakuragawa, 2024. "Will the U.S. dollar remain strong?," Public Policy Review, Policy Research Institute, Ministry of Finance Japan, vol. 20(2), pages 1-29, February.
  • Handle: RePEc:mof:journl:ppr20_02_01
    DOI: 10.57520/prippr.20-2-1
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    More about this item

    Keywords

    International Currency; Foreign Exchange Reserves; Currency Hegemony; Housing Bubbles;
    All these keywords.

    JEL classification:

    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • F45 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Macroeconomic Issues of Monetary Unions
    • F51 - International Economics - - International Relations, National Security, and International Political Economy - - - International Conflicts; Negotiations; Sanctions

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