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held, and of the amount held abroad. Most macroeconomic models that address the role of outside money as a determinant of …
Persistent link: https://www.econbiz.de/10005352832
This paper presents a new method to estimate the amount of U.S. currency held abroad. The method exploits the fact the Federal Reserve System is the major processor of currency for depository institutions. The method exploits differentials across denominations in the ratios of shipments to...
Persistent link: https://www.econbiz.de/10005352909
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