Benn Steil


A graphical take on geoeconomic issues, with links to the news and expert commentary.

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Dollar Safe Haven

March 10, 2009

Global imbalances have raised fears of a dollar crisis. But rather than collapsing, the dollar has grown stronger over the last year. What explains this safe-haven status of the dollar, and can it last? The chart above shows the value of the dollar over the last 35 years, highlighting recessions and significant geopolitical events.

Economist: The Resilient Dollar
Slater: Dollar’s Gain Derives From Pain
Garnham: Haven Status Adds to Dollar Attraction
Setser: How a US Financial Crisis Rebounded To Benefit the Dollar

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