International Sanctions and Dollar Dominance

Javier Bianchi and Cesar Sosa-Padilla

No 227, Working Papers from Red Nacional de Investigadores en Economía (RedNIE)

Abstract: This paper investigates the implications of international financial sanctions for the reserve currency status of the US dollar. We propose a simple model of a reserve currency, demonstrate how the anticipation of financial sanctions can weaken the dollar’s status, and evaluate the welfare implications.

Keywords: International Sanctions; Reserve currency status (search for similar items in EconPapers)
JEL-codes: E42 F31 F32 F34 F41 P48 (search for similar items in EconPapers)
Pages: 15 pages
Date: 2023-03
New Economics Papers: this item is included in nep-des, nep-mon, nep-opm and nep-pay
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https://rednie.eco.unc.edu.ar/files/DT/227.pdf (application/pdf)

Related works:
Working Paper: International Sanctions and Dollar Dominance (2023)
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Persistent link: https://EconPapers.repec.org/RePEc:aoz:wpaper:227

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