Position and Challenges of the American Dollar as the World Currency in the Period 1990-2020

The bachelor's thesis analyzes the development of the US dollar in the context of various events and the resulting trends for dollar dominance in the years 1990-2020. The aim of the thesis is primarily to verify the given hypothesis, which is stated in the wording that the US dollar had a stronger position in 2020 than in 1990. At the same time, partial research questions are also answered in this sense, which further help to develop the dynamics of the position of the US currency based on findings from the period under review. Specifically, these are questions related to the internal and external reasons for its constant dominance, the assumption of a possible continued future function of the dollar as the world's reserve currency, as well as the possible threat of its position in the future by relevant alternatives. At the same time, the results of the conducted research prove that the dollar dominance did not weaken in a critical way, taking into account the comprehensive analysis of its internal and external factors together with the comparison of sub-periods and indicators to each other, but at the same time it is not possible to verify the hypothesis, since the indicators indicated a rather stagnant position of this during the period currency. It is also clear that, from a short-term perspective, only the euro can represent a certain risk for the dollar, while from the point of view of the other monitored currencies and the alternative in the form of the bitcoin cryptocurrency, it was possible to observe at most only partial positive trends in their favor in some areas. The contribution of this bachelor's thesis is mainly a critical analysis of the impacts of selected indicators in relation to the dollar, as well as a comparison with the mentioned alternatives.