Sun, Yexia - In: World review of political economy : journal of the … 13 (2022) 1, pp. 45-59
disadvantages in a sovereign currency acting as the world currency. First, the existing model of the single world currency is unfair …, with the country whose sovereign currency functions as the world currency able to obtain huge international seigniorage and … international inflation tax. Second, this single world currency model is unstable. The premise behind the functioning of an …
