Reserve currencies in an evolving international monetary system / Prepared by IMF staff team led by Alina Lancu ... [et al]
رقم التسجيلة | 23477 |
نوع المادة | book |
ردمك | 9781513560298 |
رقم الطلب | 332.042 R433 |
العنوان | Reserve currencies in an evolving international monetary system / Prepared by IMF staff team led by Alina Lancu ... [et al] |
بيانات النشر | Washington, D.C, [UNITED STATES]: International Monetary Fund (IMF), 2020. |
الوصف المادي | viii, 57 p |
بيان السلسلة | Departmental Paper Series (International Monetary Fund) | 20/02 |
ملاحظات |
at head of title: International Monetary Fund - Strategy, Policy, and Review Department -Statistics Department |
الملاحظات الببليوجرافية |
Include bibliographical references (P. 53-57) |
المحتويات / النص |
Acknowledgments -- Executive Summary -- 1. Introduction -- 2. Current and Past Reserve Currencies -- 3. Drivers of Reserve Currencies -- 4. What Could Alter the Status Quo? -- 5. Conclusion |
المستخلص |
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 (IMF Page) |
المواضيع | International finance |
الواصفات | INTERNATIONAL FINANCEFOREIGN EXCHANGE RESERVESMONETARY SYSTEMSCURRENCIESCENTRAL BANKS |
الأسماء المرتبطة | Lancu, Alina |
LDR | 00135cam a22002533a 4500 |
020 | |a 9781513560298 |
082 | |a 332.042 R433 |
245 | |a Reserve currencies in an evolving international monetary system / |c Prepared by IMF staff team led by Alina Lancu ... [et al] |
260 | |a Washington, D.C |b International Monetary Fund (IMF), |c 2020 |
300 | |a viii, 57 p. |
490 | |a Departmental Paper Series (International Monetary Fund) |v 20/02 |
500 | |a at head of title: International Monetary Fund - Strategy, Policy, and Review Department -Statistics Department |
504 | |a Include bibliographical references (P. 53-57) |
505 | |a Acknowledgments -- Executive Summary -- 1. Introduction -- 2. Current and Past Reserve Currencies -- 3. Drivers of Reserve Currencies -- 4. What Could Alter the Status Quo? -- 5. Conclusion |
520 |
|a 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 (IMF Page) |
600 | |a International finance |
650 | |a CURRENCIES |
650 | |a CENTRAL BANKS |
650 | |a MONETARY SYSTEMS |
650 | |a INTERNATIONAL FINANCE |
650 | |a FOREIGN EXCHANGE RESERVES |
700 | |a Lancu, Alina |e 999 |
910 | |a libsys:recno,23477 |
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Reserve currencies in an evolving international monetary system | Full text (PDF) |
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