Why dollar dominance is here to stay

Steven Kamin, senior fellow at the American Enterprise Institute, and Mark Sobel, OMFIF’s US chair, discuss their paper, ‘Dollar dominance is here to stay for the foreseeable future’. They explore the dollar’s role in the global financial system and the benefits of this, as well as the lack of viable alternatives and prospects for other currencies gaining greater traction. They will also examine their view that the US itself is the greatest threat to dollar dominance, considerations on the use of financial sanctions and the potential ramifications of these.

You can read the full report here.