| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13453 |
| DP13453 China vs. U.S.: IMS Meets IPS | |
| Matteo Maggiori; Emmanuel Farhi | |
| 发表日期 | 2019-01-15 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | Currently both the International Monetary System (IMS) and the International Price Systems (IPS) are dominated by the U.S. The emergence of China, both as reserve currency and as a currency of invoicing, is likely to disrupt this status quo. We provide a framework to understand the forces that will shape this transition and identify sources of instability. We highlight the risk of an abrupt shift triggered by a run on the dollar. |
| 主题 | Financial Economics ; International Macroeconomics and Finance ; International Trade and Regional Economics ; Monetary Economics and Fluctuations |
| 关键词 | Reserve currencies Triffin dilemma Nurkse instability Confidence crises Safe assets Exorbitant privilege Dollar Rmb |
| URL | https://cepr.org/publications/dp13453 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/542268 |
| 推荐引用方式 GB/T 7714 | Matteo Maggiori,Emmanuel Farhi. DP13453 China vs. U.S.: IMS Meets IPS. 2019. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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