Tue, Aug 22, 2017
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. Opalesque Exclusive: Albright Capital puts a value lens on emerging markets[more]

    Bailey McCann, Opalesque New York: Over the past decade, investors have steadily increased investments in emerging markets private funds. Allocations to the cohort have increased from $93 billion in December 2006 to $564 billion in September 2016, according to data from research firm Preqin. Howe

  2. Jasper Capital International joins Hedge Fund Standards Board[more]

    Komfie Manalo, Opalesque Asia: Diversified and systematic investment firm Jasper Capital International has become the second China-based signatory to the Hedge Fund Standards Board (HFSB), an organization that brings hedge fund managers and investors together to set standards for the hedge fund i

  3. FinTech - Danger: Crowdfunding on the wrong platform could force you to go public[more]

    From LinkedIn.com: Some equity crowdfunding platforms are putting startups at serious risk. Working with a platform that doesn't structure your deal appropriately could jeopardize your ability to raise future capital or worse, force you to become a public reporting company. The emergence of eq

  4. David Tepper says we're 'nowhere near an overheated' stock market[more]

    From Marketwatch.com: Billionaire David Tepper thinks comparing this current stock-market environment with the overheated markets of 1999 is "ridiculous." The hedge-fund manager, who runs Appaloosa Management, told CNBC in a phone interview on Tuesday that the market's record run, notwithstanding la

  5. Opalesque Exclusive: Altegris and Artivest partner on distribution for alternative funds suite[more]

    Bailey McCann, Opalesque New York: California-based investment firm Altegris has partnered with New York-based alternative investments platform Artivest on distribution for $1 billion in alternative funds. The partnership also launches Artivest's capabilities to offer alternative solutions to acc