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Current account balance and dollar standard: Exploring the linkages

  • Steiner, Andreas

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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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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