vehicle currency - Vehicle Currencies and the Structure of International
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由 P Krugman 著作 · 1980 · 被引用 496 次 — In each of these cases the alpha plays a special role as a vehicle currency. It enters into more transactions than A's role in world payments would by itself ...
Vehicle Currency Use in International Trade
The dollar is also extensively used as a vehicle currency in international trade flows that do not directly involve the United States. Consistent with the
Vehicle Currency
This paper constructs a dynamic general equilibrium model of a vehicle currency. We explore the nature of the efficiency gains arising from a vehicle currency.
Vehicle Currency Use in International Trade
Our analysis builds on a rich history of thought on vehicle currency selection. Swoboda (1968, 1969) stressed the role of transaction costs in trading different.42 頁
Vehicle Currency Definition & Examples
Besides the US dollar (USD), other examples of vehicle currencies include the Euro (EUR), Japanese Yen (JPY), and British Pound (GBP). These
Vehicle Currency
The dollar acts as a `vehicle currency' in the sense that agents in non-dollar economies will generally engage in currency trade indirectly
Vehicle Currency Pricing and Exchange Rate Pass-Through
For vehicle currency transactions, the pass-through of the US dollar exchange rate is high at 75.6%, capturing the fact that the US dollar is widely used as a