Current account balance and dollar standard: Exploring the linkages

This paper examines whether the international role of the dollar as main global reserve currency has contributed to persistent current account imbalances. To this end, we analyse how central banks' accumulation of reserve assets affects the current account balance of both reserve-accumulating and reserve-providing countries.

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Year of publication:	2014
Authors:	Steiner, Andreas
Published in:	Journal of International Money and Finance. - Elsevier, ISSN 0261-5606. - Vol. 41.2014, C, p. 65-94
Publisher:	Elsevier
Subject:	Reserve currency \| Global imbalances \| Current account \| International monetary system

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Type of publication:	Article
Classification:	F31 - Foreign Exchange ; F32 - Current Account Adjustment; Short-Term Capital Movements ; F41 - Open Economy Macroeconomics ; F42 - International Policy Coordination and Transmission ; C23 - Models with Panel Data
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10010743969