Feige, Edgar L. - EconWPA - 2005
.S. The paper examines all indirect and direct methods of estimating the amount of US currency held abroad and concludes that … between 40% -45% of US currency is held abroad. This result stands in sharp contrast to the estimates presented by Porter and … Judson (1996) who claim that as much as 55% -70% of US currency is held abroad. The new estimates of overseas currency are …