The Yuan versus the Dollar: Showdown in the Global Financial Arena

... financial system will depend on the successful promotion of a conceptual alternative to the current GFA model At the 1944 Bretton Woods Conference, the United States laid the foundation for the U.S.-centric international monetary system, thus ensuring the dollar’s status as the key reserve currency for the next 75 years. The fact that other countries accepted the dollar as the main currency of international payments, loans and investments allowed U.S. transnational corporations to dominate global markets ...