US Dollar to Remain Undisputed Global Reserve Currency for Foreseeable Future - Moody's Global Credit Research

US Dollar to Remain Undisputed Global Reserve Currency for Foreseeable Future

US Dollar to Remain Undisputed Global Reserve Currency for Foreseeable Future - Moody's Global Credit Research
US Dollar to Remain Undisputed Global Reserve Currency for Foreseeable Future
Published Mar 17, 2010
14 pages (7378 words) — Published Mar 17, 2010
Price US$ 750.00  |  Buy this Report Now

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Brief Excerpt:

...Recent speculation about the future of the dollar as the world's reserve currency is, in Moody's view, unfounded. Despite the US's external deficits and dollar depreciation, we believe that the likelihood of the dollar losing its prominent role as a reserve currency remains very low for at least the next three to five years: + Regardless of the current state of US public finances, the economic and political factors underpinning the dollar's reserve currency status are still aligned in favour of the dollar and are likely to remain so for some time. + There are no plausible alternative currencies that are ready to take the US dollar's place as the global reserve currency. We do not consider the Chinese renminbi and the IMF's Special Drawing Right (SDR) to be credible alternatives. + Inertia and the interconnectedness of financial markets, not to mention the size of the global market for dollar-denominated debt, highlight the difficulties of a global switch from the dollar to another currency...

  
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Moody's Global Credit Research—Moody's Investors Service, a leading global credit rating, research and risk analysis firm, publishes credit opinions, research, and ratings on fixed-income securities, issuers of securities and other credit obligations. Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Ratings also create efficiencies in fixed-income markets and similar obligations, such as insurance and derivatives, by providing reliable, credible, and independent assessments of credit risk. For issuers, Moody's services increase market liquidity and may reduce transaction costs.

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MLA:
Moody's Global Credit Research. "US Dollar to Remain Undisputed Global Reserve Currency for Foreseeable Future" Mar 17, 2010. Alacra Store. Oct 18, 2019. <http://www.alacrastore.com/moodys-credit-research/US-Dollar-to-Remain-Undisputed-Global-Reserve-Currency-for-Foreseeable-Future-PBC_123013>
  
APA:
Moody's Global Credit Research. (). US Dollar to Remain Undisputed Global Reserve Currency for Foreseeable Future Mar 17, 2010. New York, NY: Alacra Store. Retrieved Oct 18, 2019 from <http://www.alacrastore.com/moodys-credit-research/US-Dollar-to-Remain-Undisputed-Global-Reserve-Currency-for-Foreseeable-Future-PBC_123013>
  
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