The history of the dollar involves both a 'federalization' process (consolidation of private bank currencies into a central currency) and an 'internationalization' process (expansion of the dollar's role in global trade), and these are distinct historical movements that should not be conflated.
definitionpending
Speaker
Demetri CafenasEvidence Quote
“There are two competing histories here. One is the history of the dollar's internationalization...the other is the history of the federalization of the dollar”
Source
Will the U.S. Dollar Survive the Breakdown of the International System? | Paul Blustein— Hidden ForcesCreated: 8/11/2026, 7:00:52 AM
My Notes
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