International Sanctions and Dollar Dominance /
Bianchi, Javier.
International Sanctions and Dollar Dominance / Javier Bianchi, César Sosa-Padilla. - Cambridge, Mass. National Bureau of Economic Research 2023. - 1 online resource: illustrations (black and white); - NBER working paper series no. w31024 . - Working Paper Series (National Bureau of Economic Research) no. w31024. .
March 2023.
This paper investigates the implications of international financial sanctions for the reserve currency status of the US dollar. We propose a simple model of a reserve currency, demonstrate how the anticipation of financial sanctions can weaken the dollar's status, and evaluate the welfare implications.
System requirements: Adobe [Acrobat] Reader required for PDF files.
Mode of access: World Wide Web.
Monetary Systems • Standards • Regimes • Government and the Monetary System • Payment Systems
Foreign Exchange
Current Account Adjustment • Short-Term Capital Movements
International Lending and Debt Problems
Open Economy Macroeconomics
Legal Institutions • Property Rights • Natural Resources • Energy • Environment • Regional Studies
International Sanctions and Dollar Dominance / Javier Bianchi, César Sosa-Padilla. - Cambridge, Mass. National Bureau of Economic Research 2023. - 1 online resource: illustrations (black and white); - NBER working paper series no. w31024 . - Working Paper Series (National Bureau of Economic Research) no. w31024. .
March 2023.
This paper investigates the implications of international financial sanctions for the reserve currency status of the US dollar. We propose a simple model of a reserve currency, demonstrate how the anticipation of financial sanctions can weaken the dollar's status, and evaluate the welfare implications.
System requirements: Adobe [Acrobat] Reader required for PDF files.
Mode of access: World Wide Web.
Monetary Systems • Standards • Regimes • Government and the Monetary System • Payment Systems
Foreign Exchange
Current Account Adjustment • Short-Term Capital Movements
International Lending and Debt Problems
Open Economy Macroeconomics
Legal Institutions • Property Rights • Natural Resources • Energy • Environment • Regional Studies