Cambodia became dollarized suddenly in the early 1990s, as a result of massive dollar inflows stemming from a …

may be appropriate. We also ask whether the most informative monetary aggregates include dollar assets. Based on an … analysis of five countries, we conclude inter alia that broader aggregates that include dollar assets perform better than those …

The U.S. dollar's dominance seems under threat. The near collapse of the U.S. financial system in 2008-2009, political … speculation about the dollar's looming displacement as the main reserve currency. Yet, as The Dollar Trap powerfully argues, the … financial crisis, a dysfunctional international monetary system, and U.S. policies have paradoxically strengthened the dollar …

The recent strong, sustained appreciation of the U.S. dollar raises questions about possible financial spillover …

countries, central bank holdings of dollar reserves are significantly correlated with the dollar-denominated bank borrowing of … stockpile of dollar reserves that allow it to serve as an ex post dollar lender of last resort. The model highlights a novel … externality: individual central banks may tend to over-accumulate dollar reserves, relative to what a global planner would choose …