Glaciers of Global Finance: The Currency Composition of Central Banks’ Reserve Holdings

in #imf4 years ago

New IMF staff research concludes that financial links are a key driver of reserve currency holdings by central banks. As long as the dollar continues to dominate global finance and trade, its dominance as a reserve currency looks set to endure.

https://blogs.imf.org/2020/12/16/glaciers-of-global-finance-the-currency-composition-of-central-banks-reserve-holdings/