Will the role of the dollar as the international reserve currency be challenged?

Byline: Freddy Van den Spiegel (1) Keywords: Dollar; reserve currency; international monetary system Abstract: The actual role of the US Dollar as the international reserve currency is an essential part of a financial architecture, which was conceived after World War II. Since then the world-wide economic, financial and political landscape has fundamentally changed. The article describes through which mechanisms the actual financial architecture will be challenged and what will be the consequences and occasional outcome. Author Affiliation: (1) Chief Economist Fortis Professor, Financial Markets and Financial Management, Free University Brussel, Pleinlaan 2, 1050, Brussel, Belgien Article History: Registration Date: 01/01/2004