Global trends: fear strikes policymakers as ‘dollar bloc’ begins to unravel
A clean break in the renminbi’s link to the dollar, which has existed since China started opening its economy in the late 1970s, would herald the demise of a “dollar bloc” that has dominated global finance for decades. While this would not necessarily displace the dollar as the world’s main reserve currency, it would significantly reduce the U.S. Federal Reserve’s role as a global monetary superpower.
<i>Below is the first report in GIS’s “Global Trends” series, which aims to forecast big-picture scenarios that will shape the world this year and beyond</i>
On December 11, 2015, the Chinese authorities unveiled a trade-weighted index to track the re...
- Report is targeted to the decision makers in cross country manufacturing – suppliers, manufacturers, logistics.
- Also considered useful for the administrative university facilities, to better understand the possible effects of current decisions.