Keynes Theory of Hegemonic Currencies (Palley)

A Keynes theory of hegemonic currencies – Or why the wolrd pays dollar tribute by Thomas Palley. “The U.S dollar is much in the news these days and there is a sense that the world economy may have become excessively reliant on the dollar. This reliance smacks of dysfunctional co-dependence whereby the U.S. and the rest of the world both rely on the dollar’s strength, but neither is well served by it.”