and its possible ascension to reserve currency status. In an unstable and financially integrated world, governments …’ precautionary demand for reserve assets is likely to increase. But the world then risks a third crisis of the global reserve system …, another re-run of the Triffin paradox, with an ever-growing emerging-world insurance demand loaded onto a small group of ever …

the presumption that the pound sterling continued to dominate the U.S. dollar in central bank reserves until after World …

monetary policy in a world with a dollar standard, defined here as a environment in which all traded goods prices are set in US … particular, the US is essentially indifferent to exchange rate volatility in setting monetary policy, while the rest of the world … the US and the rest of the world, the preferences of the US dominate. That is, the equilibrium is identical to one where …

system: international liquidity and exchange rate management. Despite radical changes since World War II in the market …

This paper reviews three problems of the world economy since the collapse of the Bretton Woods system; an unreliable … Dollar Problem', is deployed to examine this question. We consider a world of two regions -- 'Asia' and the 'North' -- in … not work very well in the present world". This fact is used to suggest an explanation of present instabilities in world …