Central banks must work together to cope with dollar dominance
Thursday 26 August 2021 – Vol.12 Ed.34.4
Commentary: Central banks need new tools for dollar dominance
By Kathleen Tyson in London
When former Bank of England Governor Mark Carney spoke at the Jackson Hole Symposium in 2019, he made a surprising argument against the continued dollarisation of the global economy, labelling the situation a ‘destabilising asymmetry’. Central banks and other policy-makers need to work together for better...