Bianchi, Javier. <br/><br/>
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. .
<br/><br/> March 2023. 
<br/><br/> 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. 
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<br/><br/><label>Subjects--Topical Terms: </label><br/>Monetary Systems &bull; Standards &bull; Regimes &bull; Government and the Monetary System &bull; Payment Systems<br/>Foreign Exchange<br/>Current Account Adjustment &bull; Short-Term Capital Movements<br/>International Lending and Debt Problems<br/>Open Economy Macroeconomics<br/>Legal Institutions &bull; Property Rights &bull; Natural Resources &bull; Energy &bull; Environment &bull; Regional Studies