TestimonyJun 8, 2023
Dollar dominance: Preserving the US dollar’s status as the global reserve currency
By Dr. Carla Norrlöf
Dr. Carla Norrlöf, a nonresident senior fellow at the Atlantic Council’s GeoEconomics Center, testified to the US House Committee on Financial Services Subcommittee on Financial Institutions and Monetary Policy. Below are her prepared remarks for the committee on preserving the US dollar’s status as a global reserve currency.
Dr. Carla Norrlöf is a nonresident senior fellow with the Atlantic Council’s GeoEconomics Center. Her research is on theories of international cooperation with a special focus on great powers particularly US hegemony in the areas of money, trade and security. Her academic work has been published by Cambridge University Press, MIT Press and Oxford University Press, the Canadian Journal of Political Science, Conflict Management and Peace Science, Cambridge Review of International Affairs, Cooperation and Conflict, International Affairs, International Political Science Review, International Security, International Studies Perspectives, Review of International Political Economy and Security Studies. Her opinion pieces have featured in Foreign Affairs, the Monkey Cage (Washington Post), Newsweek and the Globe & Mail.
Norrlöf is professor of Political Science at the University of Toronto, and a research associate with the Graduate Institute of International Studies (Geneva). She is the author of America’s Global Advantage, an analysis of America’s commercial, financial and military hegemony (Cambridge University Press), and Dollar Hegemony (Review of International Political Economy).