Question 3

You have been recently hired as an analyst for an international financial company. You have been tasked to write a report on the following article provided by your senior manager. The article is written by Zoltan Pozsar:

Poszar, Z. (2023). 'Great power conflict puts the dollar's exorbitant privilege under threat', Financial Times, 20 January. Available at: https://www.ft.com/ content/ 3e05b491-d781-4865-b0f7-777bc95ebf71.

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A short response to this article was written by Neil Shearing and can be found here:

Shearing, N. (2023). 'Letter: worries over loss of dollar dominance are overdone', Financial Times, 25 January. Available at: https://www.ft.com/ content/ e7024f2b-1e25-4bf2-9467-f842a772de0c

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Your senior manager is currently working on a project to better understand the effects of de-dollarisation and central bank digital currencies. He indicated that your report will be shared with the whole team and has asked you to cover the following questions in your report:

• a.Please undertake some searches and define the following: 'one world, two systems', 'exorbitant privilege of the dollar' and 'de-dollarisation' terms.
• b.What is the main aim(s) of the article?
• c.How do the authors enhance previous research?
• d.What are the suggestions of the article?