ZNACZENIE DOLARA AMERYKAŃSKIEGO JAKO WALUTY KLUCZOWEJ W MIĘDZYNARODOWYM SYSTEMIE WALUTOWYM
THE CHANGE OF THE IMPORTANCE OF THE US DOLLAR AS A KEY CURRENCY IN THE INTERNATIONAL MONETARY SYSTEM

Summary/Abstract: Purpose – The aim is to assess the importance of the US dollar as the key worldcurrency after 2008.Research method – The basic research methods used in the article are the study ofworld literature and the analysis of statistical data delivered by the European Central Bank,the Bank for International Settlements, the International Monetary Fund and SWIFT.Results – Although there has been discussion for several decades about the likelihoodof the US dollar losing its position in the International Monetary System, it still maintainsits status as the most important international currency. The dominant political and mili-tary position of the United States, the size of the economy and its still key share in worldtrade, and, above all, the market of instruments denominated in American currency andthe dominant share of the dollar in the currency market, confirm the current positionof the US dollar. This does not mean, however, that it will retain its current position.Analyzing historical changes in the leadership position among international currencies,one should not expect a revolution.Originality   / value   / implications   / recommendations – The analysis of the importance ofthe US dollar as the key currency in the IMS, undertaken in the article, shows the im-portance of the problem and implies the need to carry out further research on this issue.

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