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We propose a simple model of the international monetary system. We study the world supply and demand for reserve assets … denominated in different currencies under a variety of scenarios: a Hegemon vs. a multipolar world; abundant vs. scarce reserve … instability of the system, as well as the common prediction regarding the natural and beneficial emergence of a multipolar world …
Persistent link: https://www.econbiz.de/10012990769
We propose a simple model of the international monetary system. We study the world supply and demand for reserve assets … denominated in different currencies under a variety of scenarios: a Hegemon vs. a multipolar world; abundant vs. scarce reserve … instability of the system, as well as the common prediction regarding the natural and beneficial emergence of a multipolar world …
Persistent link: https://www.econbiz.de/10012993040
After the financial crisis of 2008, bitcoin has come to an action as crypto currency. And this was the result of the populist revolt against the currently popular global currency system. In the early years of bitcoin, its usage is too much limited. but now this limitation has become a past as...
Persistent link: https://www.econbiz.de/10012917730
Frequently noted inadequately explored connections between currency internationalization and expected change in the polarity of the international monetary system in the international relations literature are commanding the renewed attention and vigorous debate for more international monetary...
Persistent link: https://www.econbiz.de/10012672278
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modern history of the global economic system seems to support the long-held view that the leading world power's currency … for major questions facing the future of the international monetary system, from whether the euro and the Chinese yuan …
Persistent link: https://www.econbiz.de/10011792993
We propose a simple model of the international monetary system. We study the world supply and demand for reserve assets … denominated in different currencies under a variety of scenarios: a Hegemon vs. a multipolar world; abundant vs. scarce reserve … instability of the system, as well as the common prediction regarding the natural and beneficial emergence of a multipolar world …
Persistent link: https://www.econbiz.de/10012456380