The International Role of the U.S. Dollar
Abstract: For most of the last century, the preeminent role of the U.S. dollar in the global economy has been supported by the size and strength of the U.S. economy, its stability and openness to trade and capital flows, and strong property rights and the rule of law. As a result, the depth and liquidity of U.S. financial markets is unmatched, and there is a large supply of extremely safe dollar-denominated assets.
File(s): File format is text/html https://www.federalreserve.gov//econres/notes/feds-notes/the-international-role-of-the-u-s-dollar-20211006.htm
Part of Series: FEDS Notes
Publication Date: 2021-10-06