The International Monetary and Financial System

Gourinchas, P-O, Rey, H and Sauzet, M (2019) The International Monetary and Financial System. Annual Review of Economics, 11 (1). pp. 859-893. ISSN 1941-1383

Abstract

International currencies fulfill different roles in the world economy, with important synergies across those roles. We explore the implications of currency hegemony for the external balance sheet of the United States, the process of international adjustment, and the predictability of the US dollar exchange rate. We emphasize the importance of international monetary spillovers and of the exorbitant privilege, and we analyze the emergence of a new Triffin dilemma.

More Details

Item Type: Article
Subject Areas: Economics
Additional Information:

© 2019 Annual Reviews

Date Deposited: 16 Dec 2019 20:18
Subjects: Currency markets
Exchange rates
Last Modified: 04 Dec 2024 02:58
URI: https://lbsresearch.london.edu/id/eprint/1309
More

Export and Share


Download

Full text not available from this repository.

Statistics

Altmetrics
View details on Dimensions' website

Downloads from LBS Research Online

View details

Actions (login required)

Edit Item Edit Item