Faculty News

In a co-authored column, Professor Kim Schoenholtz argues that the global financial system will continue to operate on a dollar system for at least the next 10 years

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Excerpt from The International Economy -- "No one knows how the global financial system will evolve over the next decade, but we can look to the past as a guide to what the broad contours are likely to be. First, the dollar-based system arose in the aftermath of World War I largely because of the trust established when the United States remained on the gold standard while others, especially the British, did not."

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