Role of the U.S. Dollar in International Financial System

Mária Vojtková ()
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Mária Vojtková: University of Economics in Bratislava, Faculty of National Economy, Department of Banking and International Finance
Authors registered in the RePEc Author Service: Mária Širaňová

No 2, EAPG Working Paper Series from Department of Economic Policy, Faculty of National Economy, University of Economics in Bratislava

Abstract: In the study we focus on theoretical and practical aspects of the role of the U.S. dollar in current international monetary system. We shortly describe the historical evolution of monetary system when it comes to the dollar position in it. Subsequently, we assess current status of the U.S. dollar in financial markets and its share on international foreign exchange reserves. In the application part, we examine how changes in the U.S. dollar exchange rate affect countries operating in the pegged exchange regime. At the same time, we focus on the problem of current account deficit of the U.S. balance of payments and its relationship to the export-oriented countries pegged to the U.S. dollar.

Keywords: Bretton-Wood monetary system; U.S. dollar; pegged exchange regime; fixed exchange regime; balance of payment; terms of trade (search for similar items in EconPapers)
JEL-codes: E42 E52 F30 F33 (search for similar items in EconPapers)
Pages: 54 pages
Date: 2011-01-28
New Economics Papers: this item is included in nep-his, nep-ifn, nep-mac, nep-mon and nep-opm
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