US DOLLAR STABILITY AND THE GLOBAL CURRENCY RESERVES

Kristijan Gavranic () and Dejan Mil?tic ()
Additional contact information
Kristijan Gavranic: Secondary School for Economy and Trade Kula, Serbia
Dejan Mil?tic: Visoka Skola PEP, Serbia

Eurasian Journal of Economics and Finance, 2016, vol. 4, issue 3, 14-24

Abstract: The participation of the United States in the First and the Second World War, as well as in the Vietnam War led to an increase in expenditures for the US national defense and the need to finance such expenditures from the primary emission. This further led to the rising inflation and the falling value of the dollar. Since today the US dollar holds a leading position in the world's foreign exchange reserves, its decline would have an effect on reduction of the foreign exchange reserves value. Keywords: Dollar, Foreign Exchange Reserves, Inflation, War, Expenditures, National Defense

Date: 2016
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://eurasianpublications.com/wp-content/uploads/2021/02/EJEF-4.3.2.pdf (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ejn:ejefjr:v:4:y:2016:i:3:p:14-24

Access Statistics for this article

Eurasian Journal of Economics and Finance is currently edited by Xuan Vinh Vo

More articles in Eurasian Journal of Economics and Finance from Eurasian Publications
Bibliographic data for series maintained by Esra Barakli ().