Рассмотрена проблема обострения валютной конкуренции в условиях кризиса. Подчеркивается доминирование доллара США в мировой валютной системе.

US dollar is currently the most important currency in which foreign exchange reserves of different countries are set up, it being found both at the central banks and international financial institutions. Only very liquid currencies, stable and acceptable as a means of payment in a large economic...

Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience...