1 option
Dominant Currency Paradigm: A Review / Gita Gopinath, Oleg Itskhoki.
- Format:
- Book
- Author/Creator:
- Gopinath, Gita.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w29556.
- NBER working paper series no. w29556
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2021.
- Summary:
- A handful of currencies, especially the US dollar, play a dominant role in international trade. We survey the active theoretical and empirical literature that documents patterns of currency use in global trade, the implications of dominant currencies for international transmission of shocks, exchange rate pass-through, expenditure switching, and optimal monetary policy. We describe advances in the endogenous currency choice literature including conditions for the emergence and persistence of dominant currency equilibria.
- Notes:
- Print version record
- December 2021.
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.