The U.S. dollar has served as the key currency of the international economic/financial system for over fifty years. This study assesses the proposition that the series of U.S. current-account deficits over the last twenty years will shortly exhaust the capability of the dollar to continue as the key currency.
The U.S. dollar has served as the key currency of the international economic/financial system for over fifty years. This study assesses the propositio...