On Global Currencies

Jeffrey Frankel

Working Paper Series from Harvard University, John F. Kennedy School of Government

Abstract: I approach the state of global currency issues by identifying eight concepts that I see as having recently "peaked" and eight more that I see as currently rising in relevance. Those that I see as having already seen their best days are: the G-7, global savings glut, corners hypothesis, proliferating currency unions, inflation targeting (narrowly defined), exorbitant privilege, Bretton Woods II, and currency manipulation. Those that I see as receiving increased emphasis in the future are: the G-20, the IMF, SDR, credit cycle, reserves, intermediate exchange rate regimes, commodity currencies, and multiple international currency system.

Date: 2009-09
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Working Paper: On Global Currencies (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:ecl:harjfk:rwp09-026

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