Following the release of BWC’s report A Dual Strategy to Transform Cross-Border Payments, principal author Bill Dudley has written an article for Bloomberg sharing solutions to the current expense and inefficiency of cross-border payments. He notes that the United States, in particular, lags behind in its adoption of these systems, but has the potential to solidify the dollar’s dominance and advance global prosperity. 

To continue reading at Bloomberg, click here.

All views expressed by members are their own and not reflective of the views of the Bretton Woods Committee.