financial system after the US dollar (hereinafter, the dollar), should be treated as a priority in efforts to strengthen the EU …

The share of U.S. dollar assets in the official foreign exchange reserve portfolios of central banks is sometimes taken … as an indicator of dollar status. We show that the observed decline in the aggregate share of U.S. dollar assets does not … stem from a systematic shift in currency preferences away from holding dollar assets. Instead, a small group of countries …

Foreign exchange reserves (FER), especially dollar assets, are vital for a developing country to maintain economic …