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The Dollar in an Era of International Retrenchment

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NBER2023-07-01 更新2025-01-04 收录
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This paper uses a quantitative theory to explore whether escalating geoeconomic conflict and protectionism could threaten the dominant role of the US dollar in the international monetary system. The theory emphasizes the joint determination of countries portfolio choices and the currency used for

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2023-07-01
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