The pattern of international trade adjustment is affected by the continuing international role of the dollar and … related evidence on exchange rate pass-through to prices. This paper argues that a depreciation of the dollar would have … dollar depreciation on real trade flows is dominated by an adjustment in U.S. export quantities, which increase as U.S. goods …

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 …

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