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1

Ramaswamy, Srichander. Reserve currency allocation: An alternative methodology. Bank for International Settlements, Monetary and Economic Dept., 1999.

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2

Eichengreen, Barry J. Sterling's past, dollar's future: Historical perspectives on reserve currency competition. National Bureau of Economic Research, 2005.

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3

Chinn, Menzie David. Will the Euro eventually surpass the dollar as leading international reserve currency? National Bureau of Economic Research, 2005.

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Kovanen, Arto. Reserve requirements on foreign currency deposits in Sub-Saharan Africa: Main features and policy implications. International Monetary Fund, African Department, 2002.

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5

Hsieh, Chang-Tai. Was the Federal Reserve fettered?: Devaluation expectations in the 1932 monetary expansion. National Bureau of Economic Research, 2001.

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6

Dooley, Michael P. The revived Bretton Woods System: The effects of periphery intervention and reserve management on interest rates & exchange rates in center countries. National Bureau of Economic Research, 2004.

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7

Dooley, Michael P. The revived Bretton Woods system: The effects of periphery intervention and reserve management on interest rates and exchange rates in center countries. National Bureau of Economic Research, 2004.

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8

United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Oversight of the Extended Custodial Inventory program: Hearing before the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Eighth Congress, second session, on the recent events involving the Union Bank of Switzerland-Zurich which violated its ECI agreement with the Federal Reserve Bank of New York by engaging in U.S. dollar bank-note transactions with countries subject to sanctions by the U.S. Department of the Treasury's Office of Foreign Assets Control, which administers and enforces economic sanctions against targeted foreign countries, May 20, 2004. U.S. G.P.O., 2005.

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9

United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Consumer and Regulatory Affairs. The Bank of Credit and Commerce International and S. 1019: Hearing before the Subcommittee on Consumer and Regulatory Affairs of the Committee on Banking, Housing, and Urban Affairs, United States Senate, One Hundred Second Congress, first session on S. 1019, to strengthen federal supervision, regulation and examination of foreign bank operations in the United States, to enhance cooperation with foreign banking supervisors, to improve reporting of bank stock loans, and for other purposes, May 23, 1991. U.S. G.P.O., 1992.

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10

Akyüz, Yilmaz. External Vulnerabilities. Oxford University Press, 2017. http://dx.doi.org/10.1093/oso/9780198797173.003.0004.

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The deepened financial integration of EDEs has heightened their susceptibility to global financial shocks and increased the instability in their credit, assets, and currency markets. It has led to significant loss of autonomy over monetary policy and the entire spectrum of interest rates. At the same time, these countries are said to have become more resilient because they have adopted more flexible exchange rate regimes, accumulated large stocks of international reserves, and reduced their exposure to the exchange rate risk by shifting from foreign currency to local currency debt. This chapte
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11

Cangoz, M. Coskun, Olga Sulla, Chun Lan Wang, and Christopher Dychala. A Joint Foreign Currency Risk Management Approach for Sovereign Assets and Liabilities. World Bank, Washington, DC, 2019. http://dx.doi.org/10.1596/1813-9450-8728.

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12

Kovanen, Arto. Reserve Requirements on Foreign Currency Deposits in Sub-Saharan Africa--Main Features and Policy Implications. International Monetary Fund, 2002.

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13

Kovanen, Arto. Reserve Requirements on Foreign Currency Deposits in Sub-Saharan Africa: Main Features and Policy Implications. International Monetary Fund, 2002.

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14

Kovanen, Arto. Reserve Requirements on Foreign Currency Deposits in Sub-Saharan Africa--Main Features and Policy Implications. International Monetary Fund, 2002.

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15

Feyen, Erik, Daniela Klingebiel, and Marco Ruiz. Can Crypto-Assets Play a Role in Foreign Reserve Portfolios? Not Today, and Likely Not in the Near Future. Washington, DC: World Bank, 2024. http://dx.doi.org/10.1596/41121.

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16

Oversight of the Extended Custodial Inventory Program: Hearing Before the Committee on Banking, Housing, and Urban Affairs, United States Senate, One. Not Avail, 2005.

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17

Akyüz, Yilmaz. Deepening Integration. Oxford University Press, 2017. http://dx.doi.org/10.1093/oso/9780198797173.003.0003.

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After recurrent crises with severe consequences in the 1990s and early 2000s EDEs have become even more closely integrated into what is now widely recognized as an inherently unstable international financial system. This chapter discusses the factors accelerating global financial integration of EDEs, including monetary policies in major advanced economies, notably the United States. It examines capital inflows and outflows, external balance sheets, the size and composition of gross external assets and liabilities, distinguishing between equity and debt, private and public sectors, local curren
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18

Beers, David T., and Neil Wallace. Speculations about the Speculation against the Hong Kong Dollar. Princeton University Press, 2017. http://dx.doi.org/10.23943/princeton/9780691158709.003.0007.

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This chapter examines the recent substantial depreciation of the Hong Kong dollar. From 1974 until October 1983, Hong Kong's officially professed monetary policy allowed both the quantity and the exchange value of Hong Kong currency to be determined by market forces (or to float). Between mid-1980 and October 1983, when the government announced a new policy, the U.S. dollar value of the Hong Kong dollar fell about 33 percent. During that period, there also occurred substantial declines (even in terms of local currency) in all the value of assets located in Hong Kong—Hong Kong real estate and c
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19

Schimpfössl, Elisabeth. A Short Story of Enrichment. Oxford University Press, 2018. http://dx.doi.org/10.1093/oso/9780190677763.003.0002.

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The opening chapter explores the paradox of a Russian bourgeoisie emerging out of the Soviet elite. It deals with the ways in which these individuals navigated the years of post-Soviet social transformation. Many of the characters in this book were born into socially privileged, highly educated, nonmoneyed Soviet elite. Some used their science vocations and leadership positions in the Komsomol to launch their business careers, exploiting their insider status to gain access to the corridors of power and to foreign-currency bank accounts. While it did help in the climate of the 1990s to be aggre
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