China vs. U.S.: IMS Meets IPS / Emmanuel Farhi, Matteo Maggiori.

Format:

Book

Author/Creator:

Farhi, Emmanuel.

Contributor:

National Bureau of Economic Research.

Maggiori, Matteo.

Series:

Working Paper Series (National Bureau of Economic Research) no. w25469.

NBER working paper series no. w25469

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

China vs. U.S

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2019.

Summary:

Currently both the International Monetary System (IMS) and the International Price Systems (IPS) are dominated by the U.S. The emergence of China, both as reserve currency and as a currency of invoicing, is likely to disrupt this status quo. We provide a framework to understand the forces that will shape this transition and identify sources of instability. We highlight the risk of an abrupt shift triggered by a run on the dollar.

Notes:

Print version record

January 2019.