The Dollar’s Reign: How America’s Currency Conquered and Rules the World
Edward N.W Aw
What the paper says
This article traces the historical evolution of the US dollar’s rise as the global reserve currency and examines its continued dominance in shaping trade, capital markets, and wealth management. By situating current debates about US deficits, geopolitical realignment, and digital currency innovation within a longer historical arc, this article distinguishes cyclical volatility from structural pressures. For family offices and wealth managers, this perspective clarifies the practical implications of dollar dynamics for portfolio allocation, risk management, and cross-border wealth preservation. While outright displacement remains improbable, a gradual move toward monetary multipolarity is plausible, underscoring the need for disciplined currency management and resilient portfolio design.
Evidence weight
Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40
| F · citation impact | 0.50 × 0.4 = 0.20 |
| M · momentum | 0.50 × 0.15 = 0.07 |
| V · venue signal | 0.50 × 0.05 = 0.03 |
| R · text relevance † | 0.50 × 0.4 = 0.20 |
† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.