Mon, Sep 1, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

The U.S. dollar is still the world’s reserve currency: Barry Eichengreen

Friday, December 07, 2012

amb
Barry Eichengreen
From Komfie Manalo, Opalesque Asia:

The U.S. dollar is the world’s reserve currency, at least for the moment says Barry Eichengreen, George C. Pardee and Helen N. Pardee Professor of Economics and Political Science at the University of California, Berkeley, Department of Economics.

In an interview with Sona Blessing for Opalesque Radio, responding to a question on the dollars continued viability as an international reserve currency, Eichengreen said, "In the short run there are no alternatives to the dollar. The dollar has the advantage that it is the incumbent as the only true global currency at the moment. It has the advantage that there are no obvious alternatives on the horizon. The euro could be an alternative but it will take time to solve the crisis in Europe and restore confidence in the euro. China's currency, the renminbi, is a potential alternative but it will take a decade, at least, for China to enhance the liquidity of its financial markets and internationalize its currency. The dollar is the only alternative out there. And the question is, "how long will confidence in the dollar be maintained? …"

Dollar as a safe haven currency Eichengreen said, "The dollar is the world’s safe haven." According to him a safe haven currency is a currency that has scale; it has to have a large economy so it is easy to get in and out. The market in securities in that cur......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Study shows what resonates with investors: 'Unwavering', 'passionate' beats 'committed', 'dedicated' and more surprises[more]

    Komfie Manalo, Opalesque Asia: A new study by Pershing Square, a unit of BNY Mellon company, showed that an effective value proposition strengthens audience connections and fosters growth, yet many advisors have had little objective guidance in formulating such statements until now. In the

  2. Comment – Why you should avoid the hottest hedge fund hands, Swedroe attacks Hussman over risk management, relative value strategy[more]

    Why you should avoid the hottest hedge fund hands FromCNBC/Yahoo.com: Investors who don't have money with Pershing Square Capital Management are likely salivating at the hedge fund's industry-leading 26 percent return from January through July. But investing with Bill Ackman and other to

  3. Hedge fund assets decline in July - eVestment[more]

    Bailey McCann, Opalesque New York: Total assets in hedge funds declined in July and dropped 0.49%, marking the industry's second monthly asset decline in 2014, according to the latest asset flows data from eVestment. Despite the asset decline, total industry AUM remained above the $3 trillion

  4. AIMA makes 'the case for hedge funds'[more]

    Bailey McCann, Opalesque New York: The Alternative Investment Management Association (AIMA), the global hedge fund industry body,

  5. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest