Tech Insider
Paul Krugman
Princeton economics and international affairs professor Paul Krugman listens during his introduction as the 2008 Nobel prize winner in economics at a new conference on the campus of Princeton University in Princeton, New Jersey.

Reuters/Tim Shaffer

  • The dominance of the US dollar in global markets isn't at risk, according to Paul Krugman.
  • In an op-ed for the NYT, Krugman pointed to three reasons why dollar dominance was secure.
  • But that assumes the US doesn't default on its debt, an event that would dent confidence in the greenback. 

The US dollar's status isn't at risk, and dire warnings of its waning status as a global reserve currency are overblown, but a US debt default is a big wild card that would likely hurt confidence in the greenback, according to Nobel economist Paul Krugman. 

Tags
Markets, MI Exclusive, Paul Krugman, Dollar dominance, US Dollar, Yuan, China, debt default, US debt ceiling, Reserve currency, Global Reserve Currency, Greenback, US Economy and Markets, Financial Crisis
Source
Nobel economist Paul Krugman says there's no real risk to the dollar - unless t…