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The Dollar Outside the Banking System
An analysis published by the Observer Research Foundation examines the role of US dollars held and transacted outside the traditional banking system, including physical cash and offshore flows. It explores what this parallel dollar economy means for monetary policy, financial oversight and the dollar's global standing. The piece has prompted discussion about how much of the world's dollar activity escapes regulatory visibility.
Why now: Ongoing debate about dollar dominance, offshore finance and gaps in banking regulation is drawing attention to the topic.
US dollarObserver Research FoundationFederal Reservebanking system
Evidence
- The Dollar Outside the Banking System · orfonline.org
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