The Dollar's Vulnerability and the Threat to National Security; Strategic Insights: v. 10, issue 1 (Spring 2011)

Abstract

The purpose of this study is to identify looming vulnerabilities that may lead to the demise of the dollar undermining United States power and compromising its national security. In identifying vulnerabilities, we consider economists’ views of international currency dominance and Benjamin J. Cohen’s state of power theory, apply those views to the historical case of the United Kingdom, and then compare that to the present-day US in light of the National Security Strategy.