determinants of the shares of major currencies in the reserve holdings of the world's central banks. Significant factors include … euro might in the future rival or surpass the dollar as the world's leading international reserve currency appears to …

.S. dollar is a key predictor of rest-of-world aggregate trade volume and consumer/producer price inflation. A 1% U.S. dollar … appreciation against all other currencies in the world predicts a 0.6--0.8% decline within a year in the volume of total trade … between countries in the rest of the world, controlling for the global business cycle. 4) Using a novel Bayesian …

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

major currencies in the reserve holdings of the world's central banks. Significant factors include: size of the home country …