Dollar Overhang

Dollar Overhang

The amount by which U.S. dollars outside the United States (called eurodollars) exceed American gold reserves. While the dollar is no longer pegged to gold, under the Bretton Woods System, dollar overhang could make it more difficult to convert dollars to gold.
References in periodicals archive ?
2002, "There is a global Dollar overhang that is being unwound" by central-bank reserve managers, reckons Pharo Management portfolio manager Mark Dow, writing for (http://blogs.
The problem of the dollar overhang in reserves largely will disappear.