疫情对美元国际地位的影响（英文）

作者：马雪

来源：Contemporary International Relations, 2022, 32(01): 112-129.

Due to the COVID-19 pandemic and the high debt and inflation caused by the US emergency relief proposal and expansionary monetary policy, the durability of the dominance of the US dollar has been questioned once again. In absolute terms, the dollar “has lost ground,” but its competitive advantage has not diminished significantly. The international status of currencies is determined by their relative advantages instead of absolute advantages. The US dollar has remained relatively strong and resilient. The US has taken advantage of the international community’s dependence on the dollar and hijacked the global market with dollar assets, successfully covering up its problems during the COVID-19 pandemic. Other major reserve currencies have faced major obstacles in the development process, and the derivative forms of emerging currencies have major defects, which do not pose an urgent challenge to the status of the US dollar.