Theories of International Currencies and the Future of the World Monetary Order(금융경제연구 제439호)

주제 : 통화
연구조정실(02-759-4261) 2010.11.18 6988
저자 : 최형규




The international standings of currencies form a principal characteristic of the international monetary order, which shapes the world economic and political system by influencing the economic and political relationships among countries. This paper provides a systematic review of the literature on international currencies, encompassing both economics and political science, with the aim of providing a useful groundwork to help develop a better analytical framework for the study of international currency standing. In particular, this paper discusses the international currency concept, the benefits and costs of issuing an international currency, and the determinants of international currency standing. It also assesses conflicting prospects for the future of the US dollar as the world’s key currency. It in addition calls attention to certain domestic political economic factors, as salient issues for the future study of international currency standing.




Contents

 

 

I. Introduction

1

II. The international currency concept

2

III. Benefits and costs of issuing an international currency

4

IV. Determinants of international currency status

8

V. The future of the dollar

12

VI. Some salient issues for further study

17

VII. Conclusions

19

References

21

Abstract in Korean

27

목록
이전글
Optimal Discretionary Policy vs Taylor Rule: Comparison under Zero Lower Bound and Financial Accelerator(금융경제연구 제429호) 2010-04-28
다음글
An Empirical Evaluation of Two Financial Accelerator Mechanisms: the Balance Sheets Effects of the Bank versus Those of the Firm(금융경제연구 제442호) 2010-12-15

유용한 정보가 되었나요?

내가 본 콘텐츠

페이지 위로 이동