Description
Fully updated through end-2016, this case is an in-depth study of long-run issues facing the U.S. dollar. Couched in terms of a pension fund manager having to make an international asset allocation decision that requires a 5- to 10-year view on the path of the U.S. dollar, it allows students to debate important factors such as the likely adjustment of private U.S. investors’ international portfolios, central bank diversification away from the dollar, the end of the dollar as the world’s reserve currency, the internationalization of the yuan, and the dollar’s level versus longer-term fair value. The case also includes a lengthy description of international monetary arrangements, including the gold standard.
Publishing Authority:
Darden Business Publishing – University of Virginia
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