EPISODE · Feb 18, 2021 · 35 MIN
The Dollar Privilege
from Why It Matters · host Council on Foreign Relations
The dollar is the world’s primary reserve currency, accounting for $6.7 trillion in foreign reserves. This has given the United States what some have called “an exorbitant privilege,” allowing it to borrow easily and to levy painful sanctions. But could it lose this status? Featured Guests: Roger Ferguson (President and Chief Executive Officer, TIAA) Sebastian Mallaby (Paul A. Volcker Senior Fellow for International Economics) For an episode transcript and show notes, visit us at cfr.org/podcasts/dollar-privilege
What this episode covers
The dollar is the world’s primary reserve currency, accounting for $6.7 trillion in foreign reserves. This has given the United States what some have called “an exorbitant privilege,” allowing it to borrow easily and to levy painful sanctions. But could it lose this status? Featured Guests: Roger Ferguson (President and Chief Executive Officer, TIAA) Sebastian Mallaby (Paul A. Volcker Senior Fellow for International Economics) For an episode transcript and show notes, visit us at cfr.org/podcasts/dollar-privilege
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The Dollar Privilege
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