000			02190cam a22003377i 4500
999			_c11127 _d11127
001			22765323
005			20241223161747.0
008			220825s2022 dcua b 000 0 eng
010			_a 2021276448
020			_a1513560298
020			_a9781513560298 _q(pbk.)
040			_aDLC _beng _erda _cDLC
050	0	0	_aMLCM 2024/46349 (H)
082			_a332.042 _bRES 2020
100	1		_aIancu, Alina, _eauthor.
245	1	0	_aReserve Currencies in an Evolving International Monetary System / _cprepared by an IMF team led by Alina Iancu and comprising Gareth Anderson ... [and seven others].
264		1	_a[Washington, DC] : _bInternational Monetary Fund, _c[2020]
300			_avii, 57 pages : _billustrations ; _c28 cm.
336			_atext _2rdacontent
337			_aunmediated _2rdamedia
338			_avolume _2rdacarrier
490	0		_aDepartmental paper ; _vNo. DP/20/02
500			_aMinimal Level Cataloging Plus. _5DLC
504			_aIncludes bibliographical references (pages 53-57).
520	3		_aDespite 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.
650		0	_aInternational finance.
650		0	_aForeign exchange reserves.
710	2		_aInternational Monetary Fund. _bStrategy, Policy, and Review Department, _eissuing body.
710	2		_aInternational Monetary Fund. _bStatistics Department, _eissuing body.
906			_a7 _bcbc _corigres _d4 _encip _f20 _gy-gencatlg
942			_2ddc _cCR