abstract:The dollar glut is a term for the accumulation of American dollars outside of the United States as a reserve currency, contrasted with the dollar gap, which led to the creation of the Marshall Plan following World War II. The eventual shift to a dollar glut forced the end of the gold standard in the United States and led to the collapse of the Bretton Woods system.
As a result of this sweeping sea change, we face a trillion dollarglut of commercial property threatening our communities, businesses, hundreds of small and mid-sized banks, as well as the FDIC.