International monetary system

NARROWER TERMS
Report

The 'reserve currency' myth: the US dollar's current and future role in the world economy

This report examines the US dollar’s global role and its implications for Australia. The report looks at the dollar’s global pre-eminence and how this has increased over time. It also examines the role of the US dollar as a “reserve asset”, arguing that this reserve...
Working paper

Global stores of value and the International role of the renminbi

We explore the conditions under which a financial asset emerges as a global store of value and can co-exist with a pre-existing (incumbent) store of value. In our model the acceptability of an asset as a global store is driven by the issuing region’s financial...