Canzoneri, Matthew; Cumby, Robert; Diba, Behzad; … - In: Journal of International Money and Finance 37 (2013) C, pp. 371-393
What are the costs and benefits of the dollar's status as the key currency in the international monetary system? Here, we present a calibrated two country model in which all exports are invoiced in the key currency, and government bonds denominated in the key currency are held internationally to...
