Distinguishing Global Dollar Reserves from Official Holdings in the United States

16 Pages Posted: 25 May 2012 Last revised: 29 Sep 2013

See all articles by Bank for International Settlements

Bank for International Settlements

Bank for International Settlements (BIS)

Robert N. McCauley

University of Oxford - Oxford Centre for Global History; Boston University, Global Development Policy Center

Date Written: September 1, 2005

Abstract

Official holdings of US dollar reserves are partly invested outside the United States. These offshore investments do not strictly speaking finance the US current account, but do support the US dollar. Offshore holdings grow fast when intervention is large.

JEL Classification: E580, F210, F310, F320, F330, F340, G150, N200

Suggested Citation

Settlements, Bank for International and McCauley, Robert N., Distinguishing Global Dollar Reserves from Official Holdings in the United States (September 1, 2005). BIS Quarterly Review, September 2005, Available at SSRN: https://ssrn.com/abstract=1884846

Bank for International Settlements (Contact Author)

Bank for International Settlements (BIS) ( email )

Centralbahnplatz 2
Basel, Basel-Stadt 4051
Switzerland

Robert N. McCauley

University of Oxford - Oxford Centre for Global History ( email )

Mansfield Road
Oxford, Oxfordshire OX1 4AU
United Kingdom

Boston University, Global Development Policy Center ( email )

67 Bay State Road
Boston, MA 02215
United States

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
51
Abstract Views
1,819
rank
451,178
PlumX Metrics