The International Role of the U.S. Dollar

Carol C. Bertaut, Stephanie E. Curcuru and Bastian von Beschwitz
Additional contact information
Carol C. Bertaut: https://www.federalreserve.gov/econres/carol-bertaut.htm
Stephanie E. Curcuru: https://www.federalreserve.gov/econres/stephanie-e-curcuru.htm
Bastian von Beschwitz: https://www.federalreserve.gov/econres/bastian-von-beschwitz.htm

No 2021-10-06-2, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: For most of the last century, the preeminent role of the U.S. dollar in the global economy has been supported by the size and strength of the U.S. economy, its stability and openness to trade and capital flows, and strong property rights and the rule of law. As a result, the depth and liquidity of U.S. financial markets is unmatched, and there is a large supply of extremely safe dollar-denominated assets.

Date: 2021-10-06
New Economics Papers: this item is included in nep-cwa, nep-mon and nep-opm
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2021-10-06-2

DOI: 10.17016/2380-7172.2998

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