75 years after the Bretton Woods agreement, what prospects for the international monetary system?
We believe that the future of the international monetary system will be characterised by: The dollar remaining the dominant reserve currency (the United States will therefore retain the “exorbitant privilege†of the dollar ), as neither the euro, the Chinese renminbi nor private currencies ( libra ) have the necessary characteristics to replace the dollar; After the collapse of the “Bretton Woods 2†system, which was a cooperative situation between China and the United States, a more conflictual situation between the United States and the countries that finance it, in particular Europe.