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Sign up for our free February 19th Presidents' Day Webinar. Visit our webpage for the details: https://www.eurodollar.university China's yuan has been constantly put forward as a contender to 'dethrone' the dollar. Whatever sliver of a tiny chance it may have had before, it's zero now. The greater challenge is how to replace the existing reserve regime which does need an update. But that means eurodollar NOT dollar. This is not a trivial distinction; it is, in fact, everything. Eurodollar University's Money & Macro Analysis FRBNY Monthly Review November 1960 https://fraser.stlouisfed.org/files/docs/publications/frbnyreview/rev_frbny_196011.pdf?utm_source=direct_download BIS Quarterly Review June 2012 https://www.bis.org/publ/qtrpdf/r_qt1206f.pdf Bloomberg A 99% Bond Wipeout Hands Hedge Funds a Harsh Lesson on China https://www.bloomberg.com/news/articles/2024-02-08/a-99-bond-wipeout-hands-hedge-funds-a-harsh-lesson-on-china Twitter: https://twitter.com/JeffSnider_EDU |