Dollar Hegemony Won't 'Go Away Overnight,' Says Rogoff

The video discusses China's economic strategy, focusing on the potential use of the renminbi as a global currency and its implications for dollar hegemony. It explores the dominance of the US dollar in global debt markets and the potential fragility this creates. The discussion also covers the impact of interest rates on economic stability and the role of the pandemic in shaping economic outcomes, particularly in the US and Europe.

In what ways could a digital central bank currency impact the dominance of the dollar?

What are the potential consequences of rising interest rates on global economic stability?