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Appeared in: Volume 7, Number 5
Published on: April 10, 2012
The Once and Future Dollar

The reserve currency status of the U.S. dollar, for good and for ill, will erode neither quickly nor dramatically. But change it will.

Barry Eichengreen is George C. Pardee and Helen N. Pardee Professor of Economics and Political Science at the University of California, Berkeley. He is the author of Exorbitant Privilege: The Rise and Fall of the Dollar and the Future of the International Monetary System (Oxford University Press).

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