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Us Dollar Stability And The Global Currency Reserves

Author

Listed:
  • Kristijan Gavranic

    (Secondary School for Economy and Trade Kula, Serbia)

  • Dejan Mil?tic

    (Visoka Skola PEP, Serbia)

Abstract

The participation of the United States in the First and the Second World War, as well as in the Vietnam War led to an increase in expenditures for the US national defense and the need to finance such expenditures from the primary emission. This further led to the rising inflation and the falling value of the dollar. Since today the US dollar holds a leading position in the world's foreign exchange reserves, its decline would have an effect on reduction of the foreign exchange reserves value. Keywords: Dollar, Foreign Exchange Reserves, Inflation, War, Expenditures, National Defense

Suggested Citation

  • Kristijan Gavranic & Dejan Mil?tic, 2016. "Us Dollar Stability And The Global Currency Reserves," Eurasian Journal of Economics and Finance, Eurasian Publications, vol. 4(3), pages 14-24.
    • Handle: RePEc:ejn:ejefjr:v:4:y:2016:i:3:p:14-24
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    References listed on IDEAS

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    2. Barro, Robert J, 1977. "Unanticipated Money Growth and Unemployment in the United States," American Economic Review, American Economic Association, vol. 67(2), pages 101-115, March.
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