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Dominant Currencies and External Adjustment

The extensive use of the US dollar when firms set prices for international trade (dubbed dominant currency pricing) and in their funding (dominant currency financing) has come to the forefront of policy debate, raising questions about how exchange rates work and the benefits of exchange rate flexibi...

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Bibliographic Details
Main Author: Adler, Gustavo
Other Authors: Casas, Camila, Cubeddu, Luis, Gopinath, Gita
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2020
Series:Staff Discussion Notes
Subjects:
Payment Systems
Currency; Foreign Exchange
Regimes
Exports And Imports
Intangible Capital
National Accounts
Money
Foreign Exchange
Depreciation
Standards
International Trade
Currencies
Macroeconomics
Capacity
Capital
Imports
Government And The Monetary System
Investment
Short-term Capital Movements
Monetary Economics
Current Account Adjustment
Trade: General
International Economics
Saving And Investment
Exports
Investments: General
Monetary Systems
Central Banks And Their Policies
Exchange Rates
Money And Monetary Policy
United States
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:The extensive use of the US dollar when firms set prices for international trade (dubbed dominant currency pricing) and in their funding (dominant currency financing) has come to the forefront of policy debate, raising questions about how exchange rates work and the benefits of exchange rate flexibility. This Staff Discussion Note documents these features of international trade and finance and explores their implications for how exchange rates can help external rebalancing and buffer macroeconomic shocks
Physical Description:46 pages
ISBN:9781513512150

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