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On Global Currencies

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  • Frankel, Jeffrey A.

Abstract

I approach the state of global currency issues by identifying eight concepts that I see as having recently “peaked†and eight more that I see as currently rising in relevance. Those that I see as having already seen their best days are: the G-7, global savings glut, corners hypothesis, proliferating currency unions, inflation targeting (narrowly defined), exorbitant privilege, Bretton Woods II, and currency manipulation. Those that I see as receiving increased emphasis in the future are: the G-20, the IMF, SDR, credit cycle, reserves, intermediate exchange rate regimes, commodity currencies, and multiple international currency system.

Suggested Citation

  • Frankel, Jeffrey A., 2009. "On Global Currencies," Scholarly Articles 4448879, Harvard Kennedy School of Government.
    • Handle: RePEc:hrv:hksfac:4448879
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    References listed on IDEAS

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