Reserve Currencies in an Evolving International Monetary System / prepared by an IMF team led by Alina Iancu and comprising Gareth Anderson ... [and seven others].
Yazar:Iancu, Alina [author.].
Katkıda bulunan(lar):International Monetary Fund. Strategy, Policy, and Review Department [issuing body.] | International Monetary Fund. Statistics Department [issuing body.].
Materyal türü:
KitapSeri kaydı: Departmental paper.Yayıncı: [Washington, DC] : International Monetary Fund, [2020]Tanım: vii, 57 pages : illustrations ; 28 cm.İçerik türü:text Ortam türü:unmediated Taşıyıcı türü: volumeISBN: 1513560298; 9781513560298.Konu(lar): International finance | Foreign exchange reservesDDC sınıflandırma: 332.042 Öz: Despite major structural shifts in the international monetary system over the past six decades, the US dollar remains the dominant international reserve currency. Using a newly compiled database of individual economies' reserve holdings by currency, this departmental paper finds that financial links have been an increasingly important driver of reserve currency configurations since the global financial crisis, particularly for emerging market and developing economies. The paper also finds a rise in inertial effects, implying that the US dollar dominance is likely to endure. But historical precedents of sudden changes suggest that new developments, such as the emergence of digital currencies and new payments ecosystems, could accelerate the transition to a new landscape of reserve currencies.
| Materyal türü | Geçerli yer | Yer numarası | Durum | İade tarihi | Barkod |
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Süreğen Kaynaklar
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SESRIC Library | 332.042 RES 2020 (Rafa gözat) | Kullanılabilir | 101018424 |
Minimal Level Cataloging Plus. DLC
Includes bibliographical references (pages 53-57).
Despite major structural shifts in the international monetary system over the past six decades, the US dollar remains the dominant international reserve currency. Using a newly compiled database of individual economies' reserve holdings by currency, this departmental paper finds that financial links have been an increasingly important driver of reserve currency configurations since the global financial crisis, particularly for emerging market and developing economies. The paper also finds a rise in inertial effects, implying that the US dollar dominance is likely to endure. But historical precedents of sudden changes suggest that new developments, such as the emergence of digital currencies and new payments ecosystems, could accelerate the transition to a new landscape of reserve currencies.
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