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Our Underappreciated International Reserve System / Serkan Arslanalp, Barry Eichengreen, Chima Simpson-Bell.
- Format:
- Book
- Author/Creator:
- Arslanalp, Serkan.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w34478.
- NBER working paper series no. w34478
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2025.
- Summary:
- We document some underappreciated aspects of the recent evolution of the international reserve system. These include the growing share of gold in global central bank reserves, the continuing emergence of nontraditional reserve currencies, and the stalling share of renminbi in reserves. These trends are consistent with our findings in our earlier papers. In addition we look to the future, pondering the potential implications of dollar-linked stablecoins, the expansion of the BRICS grouping of countries and their de- dollarization plans, the development of blockchain-based platforms such as Project mBridge for the direct exchange of central bank digital currencies, and questions about the dollar's safe-haven status.
- Notes:
- November 2025.
- Print version record
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