status of these roles. The U.S. dollar continues to be the dominant currency across various uses. Yet, such a role may change … over time. If this occurs, there could be consequences for seignorage returns, U.S. funding costs, the dollar’s value, U …

Following a scarcity of dollar funding available internationally to financial institutions, in December 2007 the …. These central banks had the capacity to use the swap facilities to provide dollar liquidity to institutions in their … jurisdictions. This paper presents the developments in the dollar swap facilities through the end of 2009. The facilities were a …

depreciation of the dollar, as stressed in research by Obstfeld and Rogoff. We assess how the adjustment is affected by the high … not matched. In particular, a dollar depreciation generates valuation gains for the United States by boosting the dollar …. Intuitively, the valuation gains from the depreciation of the dollar allow the United States to finance ongoing, albeit shrinking …

Although the dollar has been shown to influence the expected wages of workers, the analysis to date has focused on the … wage effects for women—like those for men—arise at times of job transition. Changes in the value of the dollar can cause …

The U.S. dollar plays a key role in international trade invoicing along two complementary dimensions. First, most U …

This paper examines the determinants of cross-border flows of U.S. dollar banknotes, using a new panel data set of …