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The US dollar is the world's indispensable currency. The dollar's preeminent status gives the United States enormous … conclude that sanctions threaten the dollar's status as the world's key currency, the potential consequences of sanctions … potency of financial sanctions and protect the dollar's dominant position in the world economy, Bucking the Buck argues that …
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Agreement, we suggest – while potentially optional from the standpoint of efficiency – the geopolitics of a multipolar world …
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Central banks may shift their international reserve holdings in order to protect themselves ex-ante against the risk of financial sanctions by fiat reserve currency issuers. For example, from 2016 to 2021, countries facing a higher risk of US sanctions increased the gold share of their reserves...
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