Internationalization of Renminbi as a Function of China’s Foreign Exchange Policy
This article discusses the prospects of the Chinese renminbi (RMB) to expand its sphere of influence and become a full-scale reserve world currency. The methods used in the article are retrospective analysis and graphic analysis. The work is divided into
Klavdiya E. Chernilevskaya
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Modern Reserve Currencies: Debt Stability of the Reserve Currency Emitting Countries [PDF]
The article is aimed at researching the level of debt stability of the countries that emit reserve currencies. The historical aspects of formation and development of the global structure of reserve currencies are considered in accordance with the functioning of existing currency systems.
O. А. Shuba, K. V. Travkina
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Dollar as the world's reserve currency: Challenges and prospects [PDF]
The US dollar gained the status of the world's reserve currency in the Bretton Woods system and has preserved it until the present day. Such position in international finance entails both advantages and disadvantages to the USA as the issuer of this ...
Kovačević Radovan
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The US Dollar as the Global Reserve Currency: Implications for US Hegemony
This article analyses the implications of the establishment of the US dollar as the global reserve currency. The political and economic context of the founding of the dollar as the reserve currency is examined, and key changes that have occurred since ...
Thomas Costigan +2 more
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Monetary Policy under Zero Reserve Requirement in Canada
Current development shows that financial system tends to move to the direction where controls over banking system would be very minimum. Banks are no longer required to hold afraction of their assets as required reserve with the central bank, and ...
Akhsyim Afandi
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Money Market Liquidity under Currency Board – Empirical Investigations for Bulgaria [PDF]
Over the last years the efficiency and existence of an automatic adjustment mechanism of currency boards are in the centre of economic discussions. This study is intended to provide an empirical analysis of the volume and interest rate of unsecured ...
Chobanov, Petar, Nenovsky, Nikolay
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Rising Tides Lift All Boats: The Sustained Dominance and Global Impact of the US Dollar as the Reserve Currency [PDF]
This paper investigates whether the euro or renminbi could join or even replace the US dollar as a dominant global reserve currency. The US dollar has long been dominant in international trade and finance, due to the size and stability of the US economy ...
Masaaki Yoshimori
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Military and Political Influence on the Portfolio of Global Reserve Currencies
This paper analyses a new concept presented in the works of B. Eichengreen, A.J. Mehl, L. Chitu “Mars or Mercury? The Geopolitics of International Currency Choice”, according to which the state’s possession of nuclear weapons is linked to its possession ...
M. Y. Alekseev +2 more
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The Official Use of International Currencies – Assessments and Implications
The paper analyses the official use of international currencies as reserve currency (store of value) and anchor currency (unit of account). Examining the role as a reserve currency we note that the US dollar is the main reserve currency even if it ...
Orăștean Ramona
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THE PERSPECTIVES OF THE GLOBAL FINANCIAL SYSTEM DEDOLLARIZATION
The author examines the factors, conditioning the formation of the US national currency as the world reserve currency. The conditions for the dollar to dominate the world financial arena in modern conditions have been determined.
A. Berdyshev
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