Despite the problems of the 1970’s, the dollar remained the world’s dominant currency, with successive generations of Asian countries pegging their exchange rates to it. As with the Bretton Woods system, a peripheral economy (for example, China) could grow very rapidly even as the anchor economy (the US) enjoyed cheap financing.
果真如此吗？尽管在20世纪70年代遇到了问题，但美元仍然是世界主导货币，亚洲国家纷纷将本币汇率盯住美元。与布雷顿森林体系一样，外围经济体（比如中国）可以在锚经济体（美国）享受廉价融资的同时快速增长。中国的相对崛起不但未影响，甚至强化了美元的地位。事实上，与处于快速增长阶段的日本相似，如今中国正在抵制人民币的国际化。