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

History of currencies suggests 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. Rev