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The U.S. dollar has played a preeminent role in the global economy since the second World War. It is used as a reserve currency and the currency of denomination for a large fraction of global trade and financial transactions
Persistent link: https://www.econbiz.de/10014080900
There is often speculation that the international roles of currencies may be changing. This paper presents the current 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...
Persistent link: https://www.econbiz.de/10013119501
Recently the U.S. dollar's preeminence as an international currency has been questioned. The emergence of the euro, changes in the dollar's value, and the financial market crisis have, in the view of many commentators, posed a significant challenge to the currency's long-standing position in...
Persistent link: https://www.econbiz.de/10013148004
The U.S. dollar plays a central role in the global economy. In addition to being the most widely used currency in foreign exchange transactions, it represents the largest share in official reserves, international debt securities and loans, cross-border payments, and trade invoicing
Persistent link: https://www.econbiz.de/10014347262
There is often speculation that the international roles of currencies may be changing. This paper presents the current 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...
Persistent link: https://www.econbiz.de/10009349607
Financial sanctions, alongside economic sanctions, are components of the toolkit used by governments as part of international diplomacy. The use of sanctions, especially financial, has increased over the last seventy years. Financial sanctions have been particularly important whenever the goals...
Persistent link: https://www.econbiz.de/10014258131
This paper presents a new measure of capital flow pressures in the form of a recast exchange market pressure index. The measure captures pressures that materialize in actual international capital flows as well as pressures that result in exchange rate adjustments. The formulation is...
Persistent link: https://www.econbiz.de/10011795416
This paper presents a new measure of capital flow pressures in the form of a recast exchange market pressure index. The measure captures pressures that materialize in actual international capital flows as well as pressures that result in exchange rate adjustments. The formulation is...
Persistent link: https://www.econbiz.de/10011942779
Persistent link: https://www.econbiz.de/10001500001
Persistent link: https://www.econbiz.de/10001398316