The Dollar Dilemma

Eichengreen, Barry

doi:10.1596/1020-797X_11_3_47

Journal Article

The Dollar Dilemma

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Published

2009-12-01

Journal

Development Outreach 11

Author(s)

Eichengreen, Barry

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Abstract

Notwithstanding concerns that the dollar’s prospects as a reserve currency have been dimmed by the crisis, there has been no actual diminution of the dollar’s international role. The dollar will remain the principal form of international reserves for the foreseeable future.

Citation

“Eichengreen, Barry. 2009. The Dollar Dilemma. World Bank. © World Bank. https://openknowledge.worldbank.org/handle/10986/4607 License: CC BY 3.0 IGO.”

URI

http://hdl.handle.net/10986/4607

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D. Development Outreach

Global Economic Prospects, January 2022

World Bank (2022-01-11)

The global recovery is set to decelerate amid diminished policy support, continued COVID-19 flare-ups, and lingering supply bottlenecks. In contrast to that in advanced economies, output in emerging market and developing economies will remain markedly below pre-pandemic trends over the forecast horizon. The outlook is clouded by various downside risks, including new COVID-19 outbreaks, the possibility of de-anchored inflation expectations, and financial stress in a context of record-high debt levels. If some countries eventually require debt restructuring, this will be more difficult to achieve than in the past. Climate change may increase commodity price volatility, creating challenges for the almost two-thirds of emerging market and developing economies that rely heavily on commodity exports and highlighting the need for asset diversification. Social tensions may heighten as a result of the increase in inequality caused by the pandemic. These challenges underscore the importance of strengthened global cooperation to promote a green, resilient, and inclusive recovery path.

The global recovery is set to decelerate amid diminished policy support, continued COVID-19 flare-ups, and lingering supply bottlenecks. In contrast to that in advanced economies, output in emerging market and developing economies will remain markedly below pre-pandemic trends over the forecast horizon. The outlook is clouded by various downside risks, including new COVID-19 outbreaks, the possibility of de-anchored inflation expectations, and financial stress in a context of record-high debt levels. If some countries eventually require debt ...

The global recovery is set to decelerate amid diminished policy support, continued COVID-19 flare-ups, and lingering supply bottlenecks. In contrast to that in advanced economies, output in emerging market and developing economies will remain markedly below pre-pandemic trends over the forecast horizon. The outlook is clouded by various downside risks, including new COVID-19 outbreaks, the possibility of ...
Tokyo Start-Up Ecosystem

Mulas, Victor; Astudillo, Pablo; Riku, Takashi; Wyne, Jamil; Zhang, Xin (2021-09-01)

This report analyzes the start-up ecosystem in Tokyo and the greater surrounding area in Japan in the transition of the innovation model to a hybrid of traditional public sector-university-corporation research and development (R and D) combined with start-up agile innovation. It first introduces the role of a start-up ecosystem in contributing to the development of global cities, and thus to the wider national economy. It then takes a country-level view of Japan’s innovation system, within which the metropolitan region operates, in the transition to the innovation-start-up ecosystem. This description is followed by an analysis of the specifics of the Tokyo start-up ecosystem - which consists of investment, support infrastructure, and skills infrastructure - factors that merit close inspection and deep analytics. And finally, the report ends with conclusions - what can be done better ...

This report analyzes the start-up ecosystem in Tokyo and the greater surrounding area in Japan in the transition of the innovation model to a hybrid of traditional public sector-university-corporation research and development (R and D) combined with start-up agile innovation. It first introduces the role of a start-up ecosystem in contributing to the development of global cities, and thus to the wider national economy. It then takes a country ...

This report analyzes the start-up ecosystem in Tokyo and the greater surrounding area in Japan in the transition of the innovation model to a hybrid of traditional public sector-university-corporation research and development (R and D) combined with start-up agile innovation. It first introduces the role of a start-up ecosystem in ...
Green, Resilient, and Inclusive Development

World Bank (2021-10-01)

Developing countries have experienced growing structural weaknesses over the last decade. COVID-19 and climate change have further aggravated these, worsening poverty and inequality, and starkly exposing the interdependence between people, the planet, and the economy. This report charts out the Green, Resilient, and Inclusive Development (GRID) approach, which departs from previous development strategies by promoting economic growth that goes hand in hand with environmental goals and social inclusion. Pursuing the twin goals of poverty eradication and shared prosperity with a sustainability lens, the GRID approach addresses the risks to people, the planet, and the economy in an integrated manner that is tailored to country needs and objectives. It sets a path that achieves lasting economic progress that is shared across the population, providing a robust recovery, and restoring momentum on the ...

Developing countries have experienced growing structural weaknesses over the last decade. COVID-19 and climate change have further aggravated these, worsening poverty and inequality, and starkly exposing the interdependence between people, the planet, and the economy. This report charts out the Green, Resilient, and Inclusive Development (GRID) approach, which departs from previous development strategies by promoting economic growth that goes ...

Developing countries have experienced growing structural weaknesses over the last decade. COVID-19 and climate change have further aggravated these, worsening poverty and inequality, and starkly exposing the interdependence between people, the planet, and the economy. This report charts out the Green, Resilient, and Inclusive ...

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From Tapering to Tightening : The Impact of the Fed's Exit on India

Capital Account Liberalization : What Do Cross-Country Studies Tell Us?

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