THE DOLLARS INTERNATIONAL ROLE

The dollar was the dominant international currency following World War II. However, as the international economy has changed in dramatic way s, the dollar's international role also has changed. Although the doll ar's role has declined, it remains an important international currency . Furthermore, the world does not appear to be moving toward a tripola r monetary system. ne dollar and the deutsche mark, not the yen, are t he most important international currencies. The dollar's role has decl ined due to the collapse of the Bretton Woods system in 1973, the decl ine in the relative importance of the United States, and deregulation of the world financial market.