The Mighty Dollar: Questioning The Role Of A Monetary Hegemon – Analysis

By Diya Dixit*

Over its 70-year reign, the dollar has secured for itself a role that far outsizes its parent nation. The United States (US) accounts for just over a tenth of global trade and contributes about 24 percent in GDP to the world economy. The dollar, however, is involved in almost 90 percent of global foreign...