Sentences with phrase «serve as a reserve currency»

Not exact matches

if the dollar is to serve as the world's reserve currency the u.s. must unavoidably run trade deficits.

For much of my career I pretty much accepted the consensus, but as I started to think more seriously about the components of the balance of payments, I realized that when Keynes at Bretton Woods argued for a hybrid currency (which he called «bancor») to serve as the global reserve currency, and not the US dollar, he wasn't only expressing his dismay about the transfer of international status from Britain to the US.

The United Nations officially recognizes 180 currencies worldwide and outside of reserve currencies none of these compete with one another for market share, as they each serve their own purpose in their respective jurisdictions.

For nearly a century, the U.S. dollar has served as the world's premier reserve currency, but the future is uncertain.

These reserves serve two functions, 1) as backing for the interbank settlements system and 2) to buy cash (legal tender money / currency) from the Fed.

Later I added a reason 13, that suggested that there was no other currency that could serve as the world's reserve currency.

He suggested the IMF's Special Drawing Rights, or SDR, could serve as a super-sovereign reserve currency as it would not be easily influenced by the policies of individual countries.