The Costs and Benefits of the U.S. Role as a Reserve Currency Country

S-Tier
Journal: Quarterly Journal of Economics
Year: 1964
Volume: 78
Issue: 3
Pages: 442-456

Authors (1)

Score contribution per author:

8.043 = (α=2.01 / 1 authors) × 4.0x S-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

Abstract

Introduction, 442. — I. Benefits of the U.S. reserve currency role, 445; the flexibility advantage, 445; the income advantage, 446. — II. The costs of the U.S. reserve currency role, 447; the constraint on independent domestic policies, 447; the devaluation constraint, 450; the burden of supplying reserves to other countries, 452; the burden of managing private gold markets, 454. — III. Conclusion, 454.

Technical Details

RePEc Handle
repec:oup:qjecon:v:78:y:1964:i:3:p:442-456.
Journal Field
General
Author Count
1
Added to Database
2026-01-24