Title

Losing Faith in the Dollar: Can It Remain the World's Dominant Reserve Currency?

Authors

Robert J. Carbaugh, Central Washington UniversityFollow
David Hedrick, Central Washington UniversityFollow

Document Type

Article

Department or Administrative Unit

Economics

Publication Date

6-2008

Abstract

The fall of the dollar has affected the entire world. But is it permanent? This piece reviews the forces that have contributed to the weakness of the dollar and its losing favor as the world's premier currency. The economists discuss the structural problems in the U.S. economy that, unless addressed, will continue to weaken the dollar's standing as the premier reserve currency. But they believe the dollar will not he easily displaced as the main world currency in the near future. They provide a fine primer on the most recent plight of the dollar.

Comments

This article was originally published in Challenge. The full-text article from the publisher can be found here.

Due to copyright restrictions, this article is not available for free download through ScholarWorks @ CWU.

Recommended Citation

Carbaugh, R. & Hedrick, D. (2008). Losing faith in the dollar: Can it remain the world's dominant reserve currency? Challenge 51(3), 93-114. DOI: 10.2753/0577-5132510306

Journal

Challenge

Rights

© 2008 M.E. Sharpe, Inc. All rights reserved.