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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w29943 |
来源ID | Working Paper 29943 |
US Sanctions Reinforce the Dollar\u2019s Dominance | |
Michael P. Dooley; David Folkerts-Landau; Peter M. Garber | |
发表日期 | 2022-04-18 |
出版年 | 2022 |
语种 | 英语 |
摘要 | Recent sanctions on the use of Russia’s international reserve assets seem likely to reduce the appeal of US dollar reserves as a “shock absorber” for international payments. But international reserves are also a means to reassure foreign investors that problematic countries will not confiscate their investments. The “collateral” motive for holding dollar reserves has been enhanced by the demonstration that the United States is willing and able to sanction misbehavior. Geopolitically risky countries now more than ever need to reassure foreign investors that their investments are safe from expropriation. We conclude that recent events will strengthen the role of the dollar as the key international reserve currency. |
主题 | International Economics ; International Finance ; Globalization and International Relations |
URL | https://www.nber.org/papers/w29943 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/587617 |
推荐引用方式 GB/T 7714 | Michael P. Dooley,David Folkerts-Landau,Peter M. Garber. US Sanctions Reinforce the Dollar\u2019s Dominance. 2022. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w29943.pdf(197KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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