How does US (its economy, banks, industry, "finance industry") profit from dollar being the "standard currency"? I am not seeking "ideological" explanations, but explanations of the mechanisms involved, of the kind of "how things work", better backed by actual numbers. Could one recommend some honest, preferably not ideologically coloured, accessible reference which discusses such mechanisms?
Some major benefits include:
You many also be interested in the book Exorbitant Privilege (Eichengreen (2012)) which includes an extensive discussion of this topic.