Canonical · Macro & Investing · Essay
The Fraying of the US Global Currency Reserve System
Lyn Alden · 2020
"Structural imbalances in the dollar reserve system are straining and will drive a long-term monetary shift."
In December 2020, Lyn Alden argued that the dollar reserve system is not about to collapse — it is slowly re-aligning. Taking a quantitative look at the near-50-year-old petrodollar arrangement, she traced how the mechanics that once locked the world into holding dollars are fraying, for the United States and its trading partners alike.
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