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What is the future of the US dollar?

โœ Scribed by Bento J. Lobo

Publisher
John Wiley and Sons
Year
2011
Tongue
English
Weight
709 KB
Volume
22
Category
Article
ISSN
1044-8136

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โœฆ Synopsis

Abstract

The end of the dollar's global prominence has been predicted for a long time. Will the dollar lose its status as the world reserve currency? And what will this mean for business in the United States and abroad? ยฉ 2011 Wiley Periodicals, Inc.

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Index (USDX) is a geometric weighted average of ten T major foreign exchange (FX) rates, expressed in index form relative to the geometric weighted average of March 1973 (the base).\* Formally, if we denote by Si and Bi the spot FX rates of country i expressed in "American terms" (U.S. dollars per f