The Future of USD and the Global Capital Markets

Xiaojiang Zhang

Chapter Chapter 11 in The Industrial Processes of Large Economies, 2022, pp 155-166 from Springer

Abstract: Abstract A currency might be considered a global currency if it can provide services to these three functions at the global level: first, facilitating international trade current account payment and settlement; second, channeling and delivering capital account global credit allocation; third, preserving wealth.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-16-8634-4_11

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DOI: 10.1007/978-981-16-8634-4_11

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