dollar

A demonstrator holds a U.S. dollar bill burned during a protest of the annual meeting of the World Economic Forum in Davos, Switzerland, on Jan. 30, 2010.

Global Capital Is the Tail That Wags the U.S. Economic Dog

Economists have long imagined that the free movement of capital around the world benefits the U.S. economy. It doesn’t.

A bank teller counts a stack of Chinese yuan and U.S. dollars at a bank in Shanghai on July 22, 2005.

Don’t Discount the Dollar Yet

China may want to displace the dollar with the yuan as the global reserve currency, but its actions are leading to the opposite.

A woman uses her phone as she walks past an ATM for the digital currency bitcoin in Hong Kong on Dec. 18, 2017.

The Greenback Needs a Digital Makeover

To preserve the dollar’s status as the world’s reserve currency, the United States can’t let China get ahead on cryptocurrency.

U.S. Federal Reserve Chairman Jerome Powell looks on as U.S. President Donald Trump speaks during a press event at the White House in Washington on Nov. 2, 2017.

The Global Economy Lives in Wonderland Now

Central banks have gone fully through the looking glass, and it’s time that everyone else followed.

(GERMANY OUT) Chinese Yuan Renminbi and Dollar banknotes with portraits of Mao Zedong and Benjamin Franklin  (Photo by Wodicka/ullstein bild via Getty Images)

How China’s ‘Currency Manipulation’ Enhances the Global Role of the U.S. Dollar

But it's not quite that simple. In fact, Beijing benefits from the dollar’s dominance.

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The $3 Trillion Question

Why China should not devalue its currency.