US Dollar Supremacy

Our Foresights and Insights

In this article, part of our series on the possible futures of the US dollar supremacy, we focus our attention on the scenario “The Rise of the Renminbi”, which we deem more interesting in the way it would unfold. In the previous article, we highlighted three different main lead scenarios that could potentially describe the developments that will take place in the future, … Continue reading Scenario The Rise of the Renminbi – Futures of the US Dollar Supremacy

With this series, trying to understand the possible futures of the US dollar supremacy, we have analysed the currency functions (medium of exchange, store of value, unit of account) that make the dollar the necessary currency together with the challenges looming over the petrodollar system, the perspective of the renminbi as a leading international currency and the possible impacts of cryptocurrencies over the international monetary system. … Continue reading Scenarios for the Future of the US Dollar Supremacy

In this article, we shall analyse the drivers behind the rise in cryptocurrencies’ value and market capitalization and start envisioning future evolutions, focusing notably on Bitcoin and blockchain technology. Previously, we explained what is a cryptocurrency and highlighted the possible revolutionary impact of blockchain, the technology underlying the majority of cryptocurrencies. We, meanwhile described the main features of the three most capitalized cryptocurrencies: Bitcoin, … Continue reading Blockchain, not Bitcoin, the Next Game-Changer?

This article explains further what a cryptocurrency is, with the examples of Bitcoin, Ethereum and Ripple, focusing on the most common underlying technology, the blockchain and its implementation. It underlines commonalities and differences between the three cryptocurrencies, starting highlighting their potential advantages and dangers compared with classical international currencies. It notably singles out one of the main challenges characterizing the Bitcoin phenomenon: energy sustainability.

China has entered a “new era” where it should “take centre stage in the world” said President Xi Jinping during his opening speech at the 19th National Congress of the Communist Party of China (18-24 October) (Xi Jinping: “Time for China to take centre stage”, BBC News, 18 October 2017). … Continue reading The Renminbi on the Tracks of the U.S. Dollar?

This article focuses mainly on the petrodollar system, which is at the heart of the U.S. dollar supremacy, and on the challenges it meets. Meanwhile, these trials start outlining potential futures for the international currency system.

In this article, we shall look further upon the impacts that currency internationalization has not only on the issuer’s economy but also on its foreign policy, international power and status, as stemming from each currency function (medium of exchange, unit of account, store of value, both at the private and the public level).  This will notably allow us to understand the main signals and data that we shall have to monitor and analyse to assess the future of the US dollar supremacy and, … Continue reading Towards the End of the US Dollar Supremacy? How Currency Internationalization Impacts State Power

Impact on Issues

 China opposes the financialization of the Chinese economy
➚ ? China will have to oppose the actors of global finance (high uncertainty)
  Successful development of Chinese economy
➚ Improvement of the economies of “countries under financialization”

Continue reading Signals: China’s Xi Jinping Thought, Real Economy and … Global Finance

Editor’s note: We have been monitoring “behind the scenes” the US Dollar Supremacy and the challenges it faces over the last couple of years. Indications show that it is now time to move towards strategic foresight analysis of the issue. This series results from this need and our in-depth analysis will constitute the building blocks for scenario analysis regarding the future of the US Dollar Supremacy.Continue reading Towards the End of the US Dollar Supremacy? Global Currency Fundamentals