Arslanalp, Serkan; Eichengreen, Barry; Simpson-Bell, Chima - 2022
accompanied by an increase in the shares of the pound sterling, yen and euro, other long-standing reserve currencies and units … reflects active portfolio diversification by central bank reserve managers; it is not a byproduct of changes in exchange rates … countries that have played a more limited role as reserve currencies. A characterization of the evolution of the international …