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US dollar dominance: Is there no alternative?
Manage episode 415492401 series 2791786
Max Castelli, head of strategy, sovereign institutions at UBS Asset Management, joins Taylor Pearce, senior economist at OMFIF, to discuss the role of the dollar as a global reserve currency in a multipolar world. They discuss factors such as China’s rise in power, sanctions risk and the development of alternative payments systems and how these could challenge dollar dominance. They also discussed the recent surge in gold and Bitcoin prices in the context of currency diversification for institutional investors.
Whether or not the introduction of CBDCs will impact central banks’ reserve management strategies will be explored in OMFIF’s forthcoming Global Public Investor 2024 report, along with other asset and currency allocation trends.
228 episoder
Manage episode 415492401 series 2791786
Max Castelli, head of strategy, sovereign institutions at UBS Asset Management, joins Taylor Pearce, senior economist at OMFIF, to discuss the role of the dollar as a global reserve currency in a multipolar world. They discuss factors such as China’s rise in power, sanctions risk and the development of alternative payments systems and how these could challenge dollar dominance. They also discussed the recent surge in gold and Bitcoin prices in the context of currency diversification for institutional investors.
Whether or not the introduction of CBDCs will impact central banks’ reserve management strategies will be explored in OMFIF’s forthcoming Global Public Investor 2024 report, along with other asset and currency allocation trends.
228 episoder
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