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accompanied by an increase in the shares of the pound sterling, yen and euro, other long-standing reserve currencies and units …
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The dollar fell by 10 per cent between its March 2020 high and the end of the calendar year, and many banks and forecasters expect it to fall further, by as much as 35 per cent in 2021. Dollar skeptics cite the end of safe-haven flows following the approval of COVID vaccines, the Federal...
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"We present new evidence on the currency composition of foreign exchange reserves in the 1920s and 1930s. Contrary to … the presumption that the pound sterling continued to dominate the U.S. dollar in central bank reserves until after World … to lend inertia to international currency status and to create incumbency advantages for the dominant international …
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We present new evidence on the currency composition of foreign exchange reserves in the 1920s and 1930s. Contrary to … the presumption that the pound sterling continued to dominate the U.S. dollar in central bank reserves until after World … to lend inertia to international currency status and to create incumbency advantages for the dominant international …
Persistent link: https://www.econbiz.de/10012758607