The Currency composition of Foreign Exchange Reserves: Retrospect and Prospect

Barry Eichengreen and Donald J. Mathieson

No wp-2000-181, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: The management of international reserves remains one of the understudied aspects of the international monetary system. There are now a number of reasons why this should change. On the supply side of the market there is the advent of the euro, creating a full-fledged rival to the dollar for the first time in more than 50 years. The existence of this attractive alternative, it is said, will produce major shifts in the currency composition of international reserves, requiring large movements in the euro-dollar exchange rate to restore equilibrium to international financial markets.

Keywords: Econometric models (Economic development); Foreign exchange; Foreign investments; Money market (search for similar items in EconPapers)
Date: 2000
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Working Paper: The Currency Composition of Foreign Exchange Reserves: Retrospect and Prospect (2000)
Working Paper: The Currency Composition of Foreign Exchange Reserves Retrospect and Prospect
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