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The Three-Dollars Problem

Financial Times LogoFinancial Times1d ago

The Three-Dollars Problem - Financial Times

Quick Summary:

A combination of dollar strength and slower global growth can be especially toxic for commodity exporters who borrow in dollars — and there are a lot of them.

What would be even worse is if the proponents of the National Security Dollar actually prevent a multipolar monetary order (presumably with another minor hub in the renminbi at some point in the future) from ever happening.

But the only place that has come close is the Eurozone, where a common currency is not just a denomination for trade, but also for capital markets transactions backstopped by a central bank that has after 2012 begun to take its lender-of-last Resort function seriously.


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Article Details

Author / Journalist: Karthik Sankaran

Category: MarketsFinanceInvesting

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-11 @ 12:49:57 (1 days ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 961 words

Reading Time: 6 minutes read

Sentences: 39 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 24353637

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About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 14 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 13 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #3

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