Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/60956
Authors: 
Goldberg, Linda
Year of Publication: 
2011
Series/Report no.: 
Staff Report, Federal Reserve Bank of New York 522
Abstract: 
There is often speculation that the international roles of currencies may be changing. This paper presents the current status of these roles. The U.S. dollar continues to be the dominant currency across various uses. Yet, such a role may change over time. If this occurs, there could be consequences for seignorage returns, U.S. funding costs, the dollar's value, U.S. insulation from foreign shocks, and U.S. global influence. The paper concludes with a discussion of recent research on related themes and questions for future study.
Subjects: 
dollar
international currency
reserves
foreign exchange
invoicing United States
JEL: 
F3
F4
Document Type: 
Working Paper

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