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Current account balance and dollar standard: Exploring the linkages

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  • Steiner, Andreas

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.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of International Money and Finance.

Volume (Year): 41 (2014)
Issue (Month): C ()
Pages: 65-94

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Handle: RePEc:eee:jimfin:v:41:y:2014:i:c:p:65-94

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Web page: http://www.elsevier.com/locate/inca/30443

Related research

Keywords: Reserve currency; Global imbalances; Current account; International monetary system;

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References

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Cited by:
  1. Blaise Gnimassoun, 2014. "The importance of the exchange rate regime in limiting current account imbalances in sub-Saharan African countries," EconomiX Working Papers 2014-22, University of Paris West - Nanterre la Défense, EconomiX.

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