The International Monetary and Financial System

International currencies fulfill different roles in the world economy, with important synergies across those roles. We explore the implications of currency hegemony for the external balance sheet of the United States, the process of international adjustment, and the predictability of the US dollar e...

Full description

Bibliographic Details
Main Authors: Gourinchas, P.-O (Author), Rey, H. (Author), Sauzet, M. (Author)
Format: Article
Language:English
Published: Annual Reviews Inc. 2019
Subjects:
Online Access:View Fulltext in Publisher