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The future of the dollar as a world reserve currency in new international circumstances [PDF]
Ekonomski Signali, 2023 The US dollar is the world's reserve currency, and it is also the currency most often used for trade and other international transactions. Due to the current geopolitical, economic and monetary developments, it is evident that a large number of countries
Mirović Ivan, Petrović Vesna
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Reserve currency competition in a polycentric world financial system
Финансы: теория и практика, 2022 This research is devoted to the issues of reserve currency competition in the global financial system. The paper aims to investigate key sources of competitive advantages of reserve currencies in the context of the development of the global financial ...
D. M. Sakharov
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World Review of Political Economy, 2023 This article provides an analysis of the economic cost incurred by the world through the use of the fiat international reserve currency since the end of the 1971 gold standard system.
Omar Osman
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Reserve Currency Allocation: An Alternative Methodology [PDF]
SSRN Electronic Journal, 1999 This paper provides a quantitative framework for choosing the composition of reserve currencies. Assuming that the central bank's performance objectives are defined in terms of ex post returns in different currency numeraires, the currency allocation problem is formulated as a multi-objective optimisation problem.
Srichander Ramaswamy
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Impact of Exchange Rate Fluctuation to the Romanian Foreign Currency Reserve [PDF]
Theoretical and Applied Economics, 2006 In this article, we intend to indentify the impact of the currency rate of exchange variation of the two main currencies which represent Romania’s foreign currency reserve and the stress test it submits the latter.
Lavinia Diana Vasile
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Beyond borders: Decoding the influence of economic development, money confidence, financial market, and purchasing power on currency internationalization. [PDF]
PLoS ONEDue to dedollarization and deglobalization trends, countries are pursuing currency diversification to reduce reliance on the U.S. dollar and mitigate currency risks.
Zibin Cao +3 more
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International currency and reserve plans
PSL Quarterly Review, 2014 In occasion of some recent proposals on currency convertibility, the present work discusses and explains an up-to-date concept of “workable convertibility”. A thorough enquire leeds the author to the conclusion that a workable convertibility would not be
R. TRIFFIN
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Comparative Economic Research, 2019 Safe assets are recognized as being the cornerstone of contemporary financial systems. Due to financial globalization and massive international capital flows, they transformed into global safe assets, meaning that both demand and supply sides can be ...
Joanna Bogołębska +2 more
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From Reserve Currencies to Reserves of Critical Goods: Designing a New BRICS International Currency
BRICS Law Journal, 2020 Currently, there is a need for reform of global monetary circulation and credit, which in a sense has stalled. The key is to restore the connection between monetary circulation and real production.
K. Molodyko
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The war in Ukraine and changes in the global economic system [PDF]
Sociološki Pregled, 2022 The US years-long irresponsible policy with the excessive printing of dollars, reinforced by the COVID-19 crisis and the war in Ukraine, has led to a large public debt and increasing inflation in the US, which significantly threatens the position of the ...
Dimitrijević Bojan S. +1 more
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