Chinn, Menzie David; Frankel, Jeffrey A.; Itō, Hiro - National Bureau of Economic Research - 2024
country's economy and financial markets, ability of the currency to hold value, and inertia). But understanding the … behavior, including characteristics of the holding country (bilateral trade with the issuing country, bilateral currency peg …, and proxies for bilateral exposure to sanctions), in addition to the characteristics of the reserve currency issuer. On a …