“We are living in economic chaos. Banks, homes, jobs, and businesses are at risk. Yet curiously, the one thing that seems stable is the dollar.

It is a symbol – and a lever – of American power and leadership. It is the standard unit of account for much of the world’s economic activity. And in times of crisis, it has often seemed a safe haven.

But in the longer term, some experts believe this crisis could mark a turning point in the dollar’s fortunes, hastening a fall from power which has seen its value decline over several years before its recent rally.”

Professor Ngaire Woods investigated the prosepcts for the US dollar and the world economy in‘Analysis: The Dollar and Dominance’ on BBC Radio 4 on Thursday October 23rd at 20.30 BST and Sunday October 26th at 21.30 GMT.

Listen to the programme on iBBC Player, or read more at BBC News