After eight decades of domination and cracks starting to appear, we look at whether the reign of the greenback is eternal or merely very long. A CROWN NO ONE THOUGHT WOULD HOLD UP THIS LONG In 1944, delegates from 44 Allied nations met at a mountain hotel in New Hampshire to rewire the global economy, with the United States dollar as the anchor of international finance (pegged to gold at $35 an ounce) and every other currency fixed to it. At that time, it was a practical if n

In this world where we live today, the primary threat of conflict has shifted from territorial borders to the digital ledgers of central banks and the invisible corridors of global finance. The author, Urjit Patel, who is currently serving as the Executive Director of the International Monetary Fund and a former Reserve Bank of India Governor, provides a clinical autopsy of this transformation. Illustration by The Geostrata While his earlier work, Overdraft, focused on the in