How to dismantle a reserve currency

New Atlanticist Jan 3, 2023

Five trends to watch in 2023 as the global economy tries a dangerous reboot

By Josh Lipsky

With each trend, policymakers can focus on a return to the status quo or build something different, and better, this year.
China Economic Sanctions
How to dismantle a reserve currency

Econographics Feb 21, 2023

Offensive friendshoring and deteriorating US-China relations

By Hung Tran

The increasingly offensive use of an offensive US friendshoring policy will make it more challenging to manage US-China strategic competition
China Economy & Business
How to dismantle a reserve currency

New Atlanticist Feb 23, 2023

The big questions (and answers) about Ajay Banga’s nomination to lead the World Bank

By Atlantic Council experts

What to know about the former Mastercard chief executive officer’s surprise nomination to lead the World Bank.
Economy & Business Fiscal and Structural Reform

Content

One dollar bill folded on paper banknote. Business concept.

Issue Brief

Sep 29, 2025

How to dismantle a reserve currency

By Daniel McDowell

For the economic tumult that the dollar has faced over the last eighty years, its political foundations have remained steadfast—until now. As the political order on which the dollar system rests grows creaky, dollar preeminence is also looking wobbly.

Economy & Business
Europe & Eurasia

Issue Brief

Sep 29, 2025

The dollar’s role in the fight for US primacy

By Martin Mühleisen

The contours of the second Trump administration's trade and exchange rate policies are becoming clearer. Economic policies have now become inextricably linked with US foreign policy priorities, including the role of the dollar.

Economy & Business
Eurozone

New Atlanticist

Sep 19, 2025

The economic roots of Nepal’s uprising—and what it means for the region

By Rudabeh Shahid, Nischal Dhungel, and Shakthi De Silva

The pattern of regime collapses in Nepal, Bangladesh, and Sri Lanka over the past few years suggests a region-wide crisis of governance linked to economic despair.

Bangladesh
Corruption

Sinographs

Sep 18, 2025

China’s economy remains trapped in the doldrums

By Jeremy Mark

New statistics from Beijing describe a country mired in a slowdown. Efforts to juice the economy late last year have failed to stimulate sustained recovery.

China
Economy & Business

New Atlanticist

Sep 16, 2025

As the dollar wobbles, why has there not been more flight to the euro?

By Lize de Kruijf

There are compelling reasons to believe that the euro could play a larger international role. But there are also several factors holding it back from surpassing the dollar.

Economy & Business
European Union

Econographics

Sep 15, 2025

The Fed struggles to balance Trump’s demands with economic reality

By Jessie Yin

The US Federal Reserve balances both inflation and employment as part of its dual mandate. Mounting political pressure could jeopardize its ability to maintain financial stability.

Economy & Business
Macroeconomics

New Atlanticist

Aug 27, 2025

The US-EU face-off over pharma is on pause—for now

By Emma Nix

Both Europe and the United States would benefit from working together to secure affordable and accessible pharmaceutical supply chains.

Economy & Business
European Union

New Atlanticist

Aug 26, 2025

IMEC must be more than a trade route. Digital integration should be a priority.

By Afaq Hussain

The India-UAE virtual trade corridor should be the starting point for an expanded digital trade ecosystem among India-Middle East-Europe Economic Corridor partner countries.

Digital Policy
Economy & Business

Econographics

Aug 22, 2025

Trump’s challenges to the Fed’s independence loom over Jackson Hole Symposium

By Alisha Chhangani

As Trump tests the limits of what he can do, the credibility of the Fed—and by extension, global financial stability—is increasingly at risk.

Economy & Business
International Markets

In the News

Aug 18, 2025

Lipsky quoted in Bloomberg on how the US benefits from the dollar’s status as the global reserve currency

Read the full article here

Economy & Business
International Markets
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Experts

Staff

Bart Piasecki

Assistant Director

GeoEconomics Center

Fiscal and Structural Reform International Financial Institutions

Fellow

Mark Mowrey

Nonresident Senior Fellow

Atlantic Council Turkey Program

Economy & Business Europe & Eurasia

Fellow

Nik Foster

Nonresident Fellow

Global China Hub

China Energy & Environment

Fellow

Afaq Hussain

Nonresident Senior Fellow

Rafik Hariri Center & Middle East programs

Economy & Business Energy & Environment

Staff

Jessie Yin

Assistant Director, GeoEconomics Center

GeoEconomics Center

China Chinese

Fellow

Elizabeth Shortino

Nonresident Senior Fellow

GeoEconomics Center

Economy & Business Inclusive Growth
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