Author:
Cao Chang,Hou Xinyao,Liu Zhengming,Zhang Wenxuan
Abstract
The US dollar index has continued to rise and has reached its highest level since 2022. Based on the US dollar's status as the dominant international currency, this round of the dollar's significant and rapid appreciation has a significant impact on the global economic and financial situation. This study aims to examine how this round of dollar appreciation affects the major global economies and the extent of its impact. This paper analyzes the impact of a strong dollar on emerging economies and non-US developed economies and draws a comparison between the two impacts. The findings of this study reveal that the negative impact of the current round of strong dollar on the global economy outweighs the positive impact. This impact is evident in the form of hyperinflation, international foreign debt, and other adverse outcomes. Finally, this paper provides informative comments for emerging economies and non-US developed economies to better mitigate the challenges posed by the current round of dollar appreciation.
Publisher
Darcy & Roy Press Co. Ltd.
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