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Weaponizing Dollar Risks Echo of Sterling’s Decline, Study Says

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U.S. officials leveraging the dollar’s dominance as a reserve currency to wield influence should heed the lessons of the Sterling Area’s decline, according to a newly published study.

The paper, released this month by the Centre for Economic History at Queen’s University Belfast, looks at how international monetary leadership can end by chronicling the disintegration of the pound’s hold on the global economy in the decades after World War II.

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