What Nations Should Do About the Strong Dollar

The dollar has increased by 22% versus the yen, 13% against the euro.

6% against currencies of emerging markets since the beginning of the year, reaching its highest level since 2000.

Given the dominance of the dollar in international commerce and finance.

Such a rapid strengthening of the dollar in a short period of time has significant macroeconomic ramifications for practically all countries.

While the US's share of global product exports has decreased from 12 to 8 percent since 2000, the dollar has maintained a 40 percent or so market share. 

The weakening of many nations' currencies in relation to the dollar has made the battle to reduce inflation more difficult.


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