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Triffin's Dilemma
A flaw in the dollar-based international monetary standard created by the IMF: To provide the growing reserves that other central banks needed to sustain growing economies, the U. S. Needed to run balance of payments deficits that would undermine confidence in the dollar as a reserve asset. Due to testimony before Congress by Robert Triffin in 1960.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Economy
- Category: International economics
- Company: University of Michigan
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