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US Dollar Reserve Currency Status Not a Blessing, study says (March 2010)

Rethinking Bretton Woods | Fri, Apr 2, 2010

By Aldo Caliari

The US dollar reserve currency status has limited benefits, is one of the messages in the recent paper by McKinsey Global Institute: “An Exorbitant Privilege: Implications of reserve currencies for competitiveness.” The paper holds that these limited benefits will put growing pressure towards alternatives where the burdens of an international reserve currency can be more broadly shared.