Regional reserve currencies in today’s global economy

Authors

  • Sergey Sergeyevich Narkevich Gaidar Institute for Economic Policy
  • Pavel Vyacheslavovich Trunin The Russian Presidential Academy of National Economy and Public Administration

Keywords:

Currency composition of reserves, international debt instruments, international reserves, regional reserve currencies

Abstract

The article examines the concept of regional reserve currency and the role these currencies play in the modern international financial system. Basing on the widely accepted defi nition the author gives a list of regional reserve currencies and assesses the position of each currency in international transactions and on the international debt market.

Author Biographies

Sergey Sergeyevich Narkevich, Gaidar Institute for Economic Policy

Place of work, post: Gaidar Institute for Economic Policy, research scientist

Pavel Vyacheslavovich Trunin, The Russian Presidential Academy of National Economy and Public Administration

Candidate of Economic Sciences
Place of work, post: The Russian Presidential Academy of National Economy and Public Administration, Center of studying of problems of the central banks, Chief Researcher

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Published

2024-02-08

How to Cite

Narkevich, S. S., & Trunin, P. V. (2024). Regional reserve currencies in today’s global economy. Russian Foreign Economic Journal, (8), 3–25. Retrieved from https://journal.vavt.ru/rfej/article/view/1782

Issue

No. 8 (2012)

Section

World economy