‘Transition to multi-polar currency world likely’

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Our Bureau Mumbai | Updated on February 29, 2020 Published on February 29,
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One or several credible alternatives tothe dollar necessary, says Helene Rey, Professor, London Business School
The equilibrium in which the dollar is the dominant international currency is becoming more unstable over time as the relative size of the US shrinks in the world economy while the stock of dollar liabilities in the rest of the world keeps growing, according to Helene Rey, Professor of Economics, London Business School.
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