Safe asset scarcity and multipolar international currency

Chenxi Wang, Dong Lu, Meihe E., Yuhao Mu and Yueqian Peng

Economics Letters, 2025, vol. 256, issue C

Abstract: We extend the model of Chahrour and Valchev (2022) to study how safe asset scarcity affects the multipolar international currency equilibrium. We also examine the impact of US financial sanctions and USD stablecoins on the multipolar international currency equilibrium.

Keywords: International monetary system; Multipolar; Safe assets; Currency competition; Financial sanctions (search for similar items in EconPapers)
JEL-codes: E44 F01 F33 F41 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:256:y:2025:i:c:s0165176525004586

DOI: 10.1016/j.econlet.2025.112621

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