#045 Dollar Hegemony

This week our guest is Matias Vernengo. Matias is an Associate Professor of Economics, at Bucknell University, and a former Senior Manager of Economic Research at the Central Bank of Argentina. He blogs regularly at his site Naked Keynesianism, as well as for Triple Crisis, and is currently the co-editor of the Review of Keynesian Economics. We discuss a paper he recently co-authored with David Fields on the hegemonic role of the Dollar in the world economy. We talk of the advantages of being the worlds reserve currency, the Bretton Woods agreement, Nixon closing the gold window, the Triffin Dilemma, threats to the dominance of the dollar in world trade, and the irrelevance of gold in today’s financial system.You can find his excellent blog here:http://nakedkeynesianism.blogspot.com/The Triple Crisis blog here:http://triplecrisis.com/And the Review of Keynesian Economics Journal here:http://rokeonline.com/roke/REVIEW_OF_KEYNESIAN_ECONOMICS.htmlYou can also find the paper we discuss here:http://nakedkeynesianism.blogspot.co.uk/2012/08/taylor-francis-online-hegemonic.htmlEnjoy!