US Sanctions Reinforce the Dollar’s Dominance
Abstract Recent sanctions on the use of Russia’s international reserve assets seem likely to reduce the appeal of US dollar reserves as a ?shock absorber? for international payments. But international reserves are also a means to reassure foreign investors that problematic countries will not confisc...
Ausführliche Beschreibung
Gespeichert in:
| Autor*in: |
Dooley, Michael P [verfasserIn] |
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| Format: |
Artikel |
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| Sprache: |
Englisch |
| Erschienen: |
2022 |
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| Schlagwörter: |
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| Anmerkung: |
© The Author(s), under exclusive licence to Springer Science+Business Media, LLC, part of Springer Nature 2022. Springer Nature or its licensor holds exclusive rights to this article under a publishing agreement with the author(s) or other rightsholder(s); author self-archiving of the accepted manuscript version of this article is solely governed by the terms of such publishing agreement and applicable law. |
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| Übergeordnetes Werk: |
Enthalten in: Open economies review - Springer US, 1990, 33(2022), 5 vom: 12. Aug., Seite 817-823 |
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| Übergeordnetes Werk: |
volume:33 ; year:2022 ; number:5 ; day:12 ; month:08 ; pages:817-823 |
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| DOI / URN: |
10.1007/s11079-022-09676-4 |
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OLC2133723528 |
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| 520 | |a Abstract Recent sanctions on the use of Russia’s international reserve assets seem likely to reduce the appeal of US dollar reserves as a ?shock absorber? for international payments. But international reserves are also a means to reassure foreign investors that problematic countries will not confiscate their investments. The collateral motive for holding dollar reserves has been enhanced by the demonstration that the United States is willing and able to sanction misbehavior. Geopolitically risky countries now more than ever need to reassure foreign investors that their investments are safe from expropriation. We conclude that recent events will strengthen the role of the dollar as the key international reserve currency. | ||
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10.1007/s11079-022-09676-4 doi (DE-627)OLC2133723528 (DE-He213)s11079-022-09676-4-p DE-627 ger DE-627 rakwb eng 330 VZ Dooley, Michael P verfasserin (orcid)0000-0003-2469-226X aut US Sanctions Reinforce the Dollar’s Dominance 2022 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier © The Author(s), under exclusive licence to Springer Science+Business Media, LLC, part of Springer Nature 2022. Springer Nature or its licensor holds exclusive rights to this article under a publishing agreement with the author(s) or other rightsholder(s); author self-archiving of the accepted manuscript version of this article is solely governed by the terms of such publishing agreement and applicable law. Abstract Recent sanctions on the use of Russia’s international reserve assets seem likely to reduce the appeal of US dollar reserves as a ?shock absorber? for international payments. But international reserves are also a means to reassure foreign investors that problematic countries will not confiscate their investments. The collateral motive for holding dollar reserves has been enhanced by the demonstration that the United States is willing and able to sanction misbehavior. Geopolitically risky countries now more than ever need to reassure foreign investors that their investments are safe from expropriation. We conclude that recent events will strengthen the role of the dollar as the key international reserve currency. Sanctions Dollar Dominance Collateral Landau, David Folkerts aut Garber, Peter M aut Enthalten in Open economies review Springer US, 1990 33(2022), 5 vom: 12. Aug., Seite 817-823 (DE-627)170550273 (DE-600)1073291-3 (DE-576)025193554 0923-7992 nnns volume:33 year:2022 number:5 day:12 month:08 pages:817-823 https://doi.org/10.1007/s11079-022-09676-4 lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW AR 33 2022 5 12 08 817-823 |
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10.1007/s11079-022-09676-4 doi (DE-627)OLC2133723528 (DE-He213)s11079-022-09676-4-p DE-627 ger DE-627 rakwb eng 330 VZ Dooley, Michael P verfasserin (orcid)0000-0003-2469-226X aut US Sanctions Reinforce the Dollar’s Dominance 2022 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier © The Author(s), under exclusive licence to Springer Science+Business Media, LLC, part of Springer Nature 2022. Springer Nature or its licensor holds exclusive rights to this article under a publishing agreement with the author(s) or other rightsholder(s); author self-archiving of the accepted manuscript version of this article is solely governed by the terms of such publishing agreement and applicable law. Abstract Recent sanctions on the use of Russia’s international reserve assets seem likely to reduce the appeal of US dollar reserves as a ?shock absorber? for international payments. But international reserves are also a means to reassure foreign investors that problematic countries will not confiscate their investments. The collateral motive for holding dollar reserves has been enhanced by the demonstration that the United States is willing and able to sanction misbehavior. Geopolitically risky countries now more than ever need to reassure foreign investors that their investments are safe from expropriation. We conclude that recent events will strengthen the role of the dollar as the key international reserve currency. Sanctions Dollar Dominance Collateral Landau, David Folkerts aut Garber, Peter M aut Enthalten in Open economies review Springer US, 1990 33(2022), 5 vom: 12. Aug., Seite 817-823 (DE-627)170550273 (DE-600)1073291-3 (DE-576)025193554 0923-7992 nnns volume:33 year:2022 number:5 day:12 month:08 pages:817-823 https://doi.org/10.1007/s11079-022-09676-4 lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW AR 33 2022 5 12 08 817-823 |
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10.1007/s11079-022-09676-4 doi (DE-627)OLC2133723528 (DE-He213)s11079-022-09676-4-p DE-627 ger DE-627 rakwb eng 330 VZ Dooley, Michael P verfasserin (orcid)0000-0003-2469-226X aut US Sanctions Reinforce the Dollar’s Dominance 2022 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier © The Author(s), under exclusive licence to Springer Science+Business Media, LLC, part of Springer Nature 2022. Springer Nature or its licensor holds exclusive rights to this article under a publishing agreement with the author(s) or other rightsholder(s); author self-archiving of the accepted manuscript version of this article is solely governed by the terms of such publishing agreement and applicable law. Abstract Recent sanctions on the use of Russia’s international reserve assets seem likely to reduce the appeal of US dollar reserves as a ?shock absorber? for international payments. But international reserves are also a means to reassure foreign investors that problematic countries will not confiscate their investments. The collateral motive for holding dollar reserves has been enhanced by the demonstration that the United States is willing and able to sanction misbehavior. Geopolitically risky countries now more than ever need to reassure foreign investors that their investments are safe from expropriation. We conclude that recent events will strengthen the role of the dollar as the key international reserve currency. Sanctions Dollar Dominance Collateral Landau, David Folkerts aut Garber, Peter M aut Enthalten in Open economies review Springer US, 1990 33(2022), 5 vom: 12. Aug., Seite 817-823 (DE-627)170550273 (DE-600)1073291-3 (DE-576)025193554 0923-7992 nnns volume:33 year:2022 number:5 day:12 month:08 pages:817-823 https://doi.org/10.1007/s11079-022-09676-4 lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW AR 33 2022 5 12 08 817-823 |
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10.1007/s11079-022-09676-4 doi (DE-627)OLC2133723528 (DE-He213)s11079-022-09676-4-p DE-627 ger DE-627 rakwb eng 330 VZ Dooley, Michael P verfasserin (orcid)0000-0003-2469-226X aut US Sanctions Reinforce the Dollar’s Dominance 2022 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier © The Author(s), under exclusive licence to Springer Science+Business Media, LLC, part of Springer Nature 2022. Springer Nature or its licensor holds exclusive rights to this article under a publishing agreement with the author(s) or other rightsholder(s); author self-archiving of the accepted manuscript version of this article is solely governed by the terms of such publishing agreement and applicable law. Abstract Recent sanctions on the use of Russia’s international reserve assets seem likely to reduce the appeal of US dollar reserves as a ?shock absorber? for international payments. But international reserves are also a means to reassure foreign investors that problematic countries will not confiscate their investments. The collateral motive for holding dollar reserves has been enhanced by the demonstration that the United States is willing and able to sanction misbehavior. Geopolitically risky countries now more than ever need to reassure foreign investors that their investments are safe from expropriation. We conclude that recent events will strengthen the role of the dollar as the key international reserve currency. Sanctions Dollar Dominance Collateral Landau, David Folkerts aut Garber, Peter M aut Enthalten in Open economies review Springer US, 1990 33(2022), 5 vom: 12. Aug., Seite 817-823 (DE-627)170550273 (DE-600)1073291-3 (DE-576)025193554 0923-7992 nnns volume:33 year:2022 number:5 day:12 month:08 pages:817-823 https://doi.org/10.1007/s11079-022-09676-4 lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW AR 33 2022 5 12 08 817-823 |
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10.1007/s11079-022-09676-4 doi (DE-627)OLC2133723528 (DE-He213)s11079-022-09676-4-p DE-627 ger DE-627 rakwb eng 330 VZ Dooley, Michael P verfasserin (orcid)0000-0003-2469-226X aut US Sanctions Reinforce the Dollar’s Dominance 2022 Text txt rdacontent ohne Hilfsmittel zu benutzen n rdamedia Band nc rdacarrier © The Author(s), under exclusive licence to Springer Science+Business Media, LLC, part of Springer Nature 2022. Springer Nature or its licensor holds exclusive rights to this article under a publishing agreement with the author(s) or other rightsholder(s); author self-archiving of the accepted manuscript version of this article is solely governed by the terms of such publishing agreement and applicable law. Abstract Recent sanctions on the use of Russia’s international reserve assets seem likely to reduce the appeal of US dollar reserves as a ?shock absorber? for international payments. But international reserves are also a means to reassure foreign investors that problematic countries will not confiscate their investments. The collateral motive for holding dollar reserves has been enhanced by the demonstration that the United States is willing and able to sanction misbehavior. Geopolitically risky countries now more than ever need to reassure foreign investors that their investments are safe from expropriation. We conclude that recent events will strengthen the role of the dollar as the key international reserve currency. Sanctions Dollar Dominance Collateral Landau, David Folkerts aut Garber, Peter M aut Enthalten in Open economies review Springer US, 1990 33(2022), 5 vom: 12. Aug., Seite 817-823 (DE-627)170550273 (DE-600)1073291-3 (DE-576)025193554 0923-7992 nnns volume:33 year:2022 number:5 day:12 month:08 pages:817-823 https://doi.org/10.1007/s11079-022-09676-4 lizenzpflichtig Volltext GBV_USEFLAG_A SYSFLAG_A GBV_OLC SSG-OLC-WIW AR 33 2022 5 12 08 817-823 |
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Abstract Recent sanctions on the use of Russia’s international reserve assets seem likely to reduce the appeal of US dollar reserves as a ?shock absorber? for international payments. But international reserves are also a means to reassure foreign investors that problematic countries will not confiscate their investments. The collateral motive for holding dollar reserves has been enhanced by the demonstration that the United States is willing and able to sanction misbehavior. Geopolitically risky countries now more than ever need to reassure foreign investors that their investments are safe from expropriation. We conclude that recent events will strengthen the role of the dollar as the key international reserve currency. © The Author(s), under exclusive licence to Springer Science+Business Media, LLC, part of Springer Nature 2022. Springer Nature or its licensor holds exclusive rights to this article under a publishing agreement with the author(s) or other rightsholder(s); author self-archiving of the accepted manuscript version of this article is solely governed by the terms of such publishing agreement and applicable law. |
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Abstract Recent sanctions on the use of Russia’s international reserve assets seem likely to reduce the appeal of US dollar reserves as a ?shock absorber? for international payments. But international reserves are also a means to reassure foreign investors that problematic countries will not confiscate their investments. The collateral motive for holding dollar reserves has been enhanced by the demonstration that the United States is willing and able to sanction misbehavior. Geopolitically risky countries now more than ever need to reassure foreign investors that their investments are safe from expropriation. We conclude that recent events will strengthen the role of the dollar as the key international reserve currency. © The Author(s), under exclusive licence to Springer Science+Business Media, LLC, part of Springer Nature 2022. Springer Nature or its licensor holds exclusive rights to this article under a publishing agreement with the author(s) or other rightsholder(s); author self-archiving of the accepted manuscript version of this article is solely governed by the terms of such publishing agreement and applicable law. |
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Abstract Recent sanctions on the use of Russia’s international reserve assets seem likely to reduce the appeal of US dollar reserves as a ?shock absorber? for international payments. But international reserves are also a means to reassure foreign investors that problematic countries will not confiscate their investments. The collateral motive for holding dollar reserves has been enhanced by the demonstration that the United States is willing and able to sanction misbehavior. Geopolitically risky countries now more than ever need to reassure foreign investors that their investments are safe from expropriation. We conclude that recent events will strengthen the role of the dollar as the key international reserve currency. © The Author(s), under exclusive licence to Springer Science+Business Media, LLC, part of Springer Nature 2022. Springer Nature or its licensor holds exclusive rights to this article under a publishing agreement with the author(s) or other rightsholder(s); author self-archiving of the accepted manuscript version of this article is solely governed by the terms of such publishing agreement and applicable law. |
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Springer Nature or its licensor holds exclusive rights to this article under a publishing agreement with the author(s) or other rightsholder(s); author self-archiving of the accepted manuscript version of this article is solely governed by the terms of such publishing agreement and applicable law.</subfield></datafield><datafield tag="520" ind1=" " ind2=" "><subfield code="a">Abstract Recent sanctions on the use of Russia’s international reserve assets seem likely to reduce the appeal of US dollar reserves as a ?shock absorber? for international payments. But international reserves are also a means to reassure foreign investors that problematic countries will not confiscate their investments. The collateral motive for holding dollar reserves has been enhanced by the demonstration that the United States is willing and able to sanction misbehavior. Geopolitically risky countries now more than ever need to reassure foreign investors that their investments are safe from expropriation. 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