Showing results by author "Barry Eichengreen" in All Categories

Doubts about the international dominance of the dollar are only growing amid worries about tariffs, political dysfunction, and fraying international alliances. Will the dollar continue to reign supreme? In Money Beyond Borders, the leading authority on international currencies, Barry Eichengreen, puts the dollar’s prospects in deep historical perspective by chronicling the entire history of cross-border currencies, from the invention of coins in the seventh century BCE to the cryptocurrencies of today and the central bank digital currencies of tomorrow.

Chinese policymakers have been making a push to internationalize the renminbi but, if they want it to displace the dollar, they will have to move much faster on a set of broad economic and regulatory reforms and take a less centralized approach to economic policymaking.