The I.M.F.'s Tool, and What It Means for Trade

November 30, 2015

The United States dollar was once the standard reserve currency for the International Monetary Fund. But in the 1960s and early ’70s, as the Vietnam War dragged on and the United States ran persistent trade deficits, the dollar came to be seen as overvalued.

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Topics: INTERNATIONAL MONETARY FUND (IMF)

Regions: EUROPEAN UNION (EU)

Authors: THE NEW YORK TIMES

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