Distinguishing Global Dollar Reserves from Official Holdings in the United States
16 Pages Posted: 25 May 2012 Last revised: 29 Sep 2013
Date Written: September 1, 2005
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: Suggested Citation