Results 251 to 260 of about 216,038 (307)
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2015
There has been a recent demand from Germany’s Bundesbank to repatriate a large portion of its gold reserves held abroad in the Federal Reserve of the USA. By 2020, Germany wants 50 percent of its total gold reserves back in Frankfurt – including 300 tons from the Federal Reserve.
Dipak Basu, Victoria Miroshnik
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There has been a recent demand from Germany’s Bundesbank to repatriate a large portion of its gold reserves held abroad in the Federal Reserve of the USA. By 2020, Germany wants 50 percent of its total gold reserves back in Frankfurt – including 300 tons from the Federal Reserve.
Dipak Basu, Victoria Miroshnik
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2014
Reserve currencies play a complex role in international finance. The ‘reserve’ function itself refers to the fact that assets denominated in these currencies are held in the official reserves of foreign central banks. But this reserve function usually grows out of and is closely connected to the use of the currency — strictly, of assets and instruments
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Reserve currencies play a complex role in international finance. The ‘reserve’ function itself refers to the fact that assets denominated in these currencies are held in the official reserves of foreign central banks. But this reserve function usually grows out of and is closely connected to the use of the currency — strictly, of assets and instruments
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Commodity Reserve Currency: A Critique
Journal of Political Economy, 1942URING the last two decades a number of proposals have been made relating variously to the storage of surplus commodities, the use of basic commodities as backing for money, and the stabilization of the price level.' The more pertinent of the ideas contained in these proposals have recently been synthesized in a plan for a commodity reserve currency ...
W. T. M. Beale, +2 more
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Currency composition of reserves, trade invoicing and currency movements
Emerging Markets Review, 2015Abstract This article analyses the relationships among the unit of account and means of exchange functions of an international currency, on the one hand, and its store of value in official use, on the other hand. Historical evidence links the currency composition of reserves to currency movements.
Hiroyuki Ito +2 more
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Renminbi: A New Reserve Currency
2017This chapter focuses on the study of what China has done and might need to further do in order to make its Renminbi a successful reserve currency of the world. It consists of five sections. Section 20.1 attempts from three angles to analyze the following issues related to RMB offshore market: how cross-border flows of RMB impact the domestic economy ...
Jeffrey Yi-Lin Forrest +2 more
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Reserve currencies: Can multiplicity work? [PDF]
, 2014 The paper analyzes the potential rise of new reserve currencies in the context of the economic and political determinants of an international currency. Two models analyze the role of soft political power, switching costs to a new currency and transaction costs in the rise of a new currency.
Satyendra Kumar Gupta, Ashima Goyal
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Multiple Reserve Currencies and Renminbi Use
Journal of International Commerce, Economics and Policy, 2017We analyze prospects for the Chinese renminbi to become a major international currency, along with the US dollar, in a multiple reserve currency world. Analytical models on switching costs in networks and on currency choice under direct and indirect transaction costs are used to derive variables for empirical analysis. While network size and financial
Satyendra Kumar Gupta, Ashima Goyal
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2023
Li Liu Li Liu (Email: LLsunrising@126.com, Correspondence to Li Liu) Catalogues 18.1. Background Dollar issuance and the surge in U.S. debt and the private nature of the Federal Reserve pose problems 18.2. The Main Issues with International Settlement and Reserve Currency 18.3.
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Li Liu Li Liu (Email: LLsunrising@126.com, Correspondence to Li Liu) Catalogues 18.1. Background Dollar issuance and the surge in U.S. debt and the private nature of the Federal Reserve pose problems 18.2. The Main Issues with International Settlement and Reserve Currency 18.3.
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Euro Integration Reserve Currency? [PDF]
Since its creation, the euro has raised high expectations among the investors and within the countries that chose to adopt it. This chapter aims to study the possibility of the European single currency becoming an international reserve currency. With the financial crises that started in August 2007, in the United States of America (USA), and the ...
Ana Filipa Dias +1 more
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Currency Convertibility and External Reserves
1996This is a topic of potential and growing importance to Africa as a whole, but especially to Southern Africa. The paper is intended to be both introspective (examining the current position in the region in these areas) and prospective (where the region should be going as the 21st century dawns).
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