Current account balance and dollar standard: Exploring the linkages

Journal of International Money and Finance, 2014, vol. 41, issue C, 65-94

Abstract: 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.

Keywords: Reserve currency; Global imbalances; Current account; International monetary system (search for similar items in EconPapers)
JEL-codes: C23 F31 F32 F41 F42 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (12)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jimfin:v:41:y:2014:i:c:p:65-94

DOI: 10.1016/j.jimonfin.2013.10.005

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