01985cas a2200277 a 4500 AALejournalIMF021337 230101c9999 xx r poo 0 0eng d 20.00 USD 9781513560298 2616-5333 BD-DhAAL BD-DhAAL Iancu, Alina. Reserve Currencies in an Evolving International Monetary System / Alina Iancu, Gareth Anderson, Sakai Ando, Ethan Boswell. Washington, D.C. : International Monetary Fund, 2020. 1 online resource (67 pages) Departmental Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Despite major structural shifts in the international monetary system over the past six decades, the US dollar remains the dominant international reserve currency. Using a newly compiled database of individual economies' reserve holdings by currency, this departmental paper finds that financial links have been an increasingly important driver of reserve currency configurations since the global financial crisis, particularly for emerging market and developing economies. The paper also finds a rise in inertial effects, implying that the US dollar dominance is likely to endure. But historical precedents of sudden changes suggest that new developments, such as the emergence of digital currencies and new payments ecosystems, could accelerate the transition to a new landscape of reserve currencies. Mode of access: Internet Anderson, Gareth. Ando, Sakai. Boswell, Ethan. Departmental Papers; Departmental Paper ; No. 2020/002 Full text available on IMF http://elibrary.imf.org/view/journals/087/2020/002/087.2020.issue-002-en.xml IMF e-Library