This history of currencies suggests the US dollar’s dominance may fade – but it will happen slowly

On some measures, China has already overtaken the United States as the world’s largest economy. But the US dollar retains a dominant role in the international financial system and trade. How long will this continue? Looking to history, Barry Eichengreen’s new book Money Beyond Borders seeks to answer this question. Review: Money Beyond Borders: Global Currencies from Croesus to Crypto by Barry Eichengreen (Princeton) Eichengreen is a respected professor of economics and political science at the…