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Preferred term

dollar hegemony  

Definition

  • The U.S. dollar is the anchor currency in the international system. The dollar's hegemony depends not just on the economics of its being the major reserve currency, but also on the political condition that it is the currency of the hegemon in the international system—the United States. [Source: Encyclopedia of Business in Today's World; Dollar Hegemony]

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URI

https://concepts.sagepub.com/social-science/concept/dollar_hegemony

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