- The issue of the dollar is part of the debate over global capital flows, but capital flows are just the obverse of trade and current account flows.
- In recent weeks, some analysts have argued that, as a consequence of the sanctions imposed on Russia, the world is likely to see a shift in global reserve accumulation toward commodities.
- The only way for the United States, and other Anglophone economies, to be relieved of trade deficits is for an interruption in the global flow of capital that prevents savings imbalances from being exported.
For further details see:
Changing The Top Global Currency Means Changing The Patterns Of Global Trade