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The U.S. Dollar System as a Source of International Disorder
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The U.S. Dollar System as a Source of International Disorder

Dollar centrality was originally weaponized to help maintain global order. But as the United States increasingly exploits dollar centrality for purposes of national security, other countries will look to escape dollar power.

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By Daniel Davies and Henry Farrell
Published on Jan 22, 2026

Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.

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