The Innocent Greenbacks Abroad: U.S. Currency Held Internationally

Christopher Neely

On the Economy from Federal Reserve Bank of St. Louis

Abstract: When foreigners hold on to U.S. banknotes, those dollar holdings essentially become an interest-free loan to the U.S. government.

Keywords: United; States; currency (search for similar items in EconPapers)
Date: 2022-10-18
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Persistent link: https://EconPapers.repec.org/RePEc:fip:l00001:94938

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