Osman, Omar - In: World review of political economy : journal of the … 14 (2023) 1, pp. 149-163
reserve currency since the end of the 1971 gold standard system. The article uses the Quantity Theory of Money to provide an … empirical manifestation of how reserve currency yields income to its issuing country through the provision of an inflation … buffer, which is equivalent to what the article frames as an imperial rent of reserve currency. The article then provides a …