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John Hawkins, Senior lecturer, Canberra School of Government, University of Canberra

This history of currencies suggests the US dollar’s dominance may fade – but it will happen slowly

On some measures, China has already overtaken the United States as the world’s largest economy. But the US dollar retains a dominant role in the international financial system and trade.

How long will this continue? Looking to history, Barry Eichengreen’s new book Money Beyond Borders seeks to answer this question.

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