The dominance of the dollar and its sustainability in the international monetary system

Download

index.pdf

Date

2008

Author

Köse, Tekin

Metadata

Show full item record

Item Usage Stats

361
views

173
downloads

The aim of this thesis is to analyze and evaluate the dominance of the dollar and its sustainability in the international monetary system in the light of recent literature and relevant statistical data. Considering the determinants of an international currency, this thesis focuses on the linkages of the dominance of the dollar with the challenge of the euro as an alternative international currency, the current account deficit of the U.S. and foreign exchange reserve accumulation and reserve diversification decision of foreign central banks. The analysis on these determinants indicates that the U.S. dollar is facing many challenges and may face further challenges in sustaining its dominance as an international currency. Given the significance of the U.S. economy and dominance of the dollar as an international currency, the findings of this study indicate that although the euro has not much potential to surpass the dollar as an international currency in the short-term, it is more likely for the international monetary system to witness the existence of multiple international currencies and decline in the degree of the dominance of the dollar in the 21st century.

Subject Keywords

Economics.

URI

http://etd.lib.metu.edu.tr/upload/12609605/index.pdf
https://hdl.handle.net/11511/18158

Collections

Graduate School of Social Sciences, Thesis

Suggestions

OpenMETU
Core

The causal relationship between energy consumption and economic growth Çevirgen, Banu; Erdil, Erkan; Department of Economics (2008) The causal relationship between energy consumption and economic growth has been a controversial subject of the empirical literature. However, there is no common consensus neither on the existence nor on the direction of the causal relationship between energy consumption and economic growth. The purpose of this study is to investigate the causal relationship between energy consumption and economic growth using a consistent data set. Recently developed Granger causality tests in panel data models are used to ...
Institutional approaches to technology and economic history Dildar, Yasemin; Yıldırım, Onur; Department of Economics (2009) This thesis is an attempt to reassess the long debated issues of economic history from the perspective of institutional economics. Besides examining different approaches to technology and its impact on economic and social life, it analyzes the role of institutions in history. It discusses the institutional interpretations of the critical developments of economic history such as, the Industrial Revolution and the Great Divergence, with an emphasis on differences between the two scholarly traditions, namely, ...
Critical realism as a rival methodology for institutional economics Gürpınar, Erkan; Özveren, Eyüp; Department of Economics (2008) The aim of the thesis is to clarify the methodology of the original institutional economics and then to evaluate the current attempts to utilize critical realism as a superior methodology for it. After sketching the historical background of the discussions surrounding methodology of science and 19th century economic methodology, the thesis separately analyses the methodology of institutional economics and critical realist stance in the philosophy of science. A critical discussion of the subject matter reach...
Determinants of current account deficits in industrialized and developing coıuntries: an empirical investigation Kaya Bahçe, Seçil Aysed; Kaya Bahçe, Seçil Aysed; Department of Economics (2005) This study aims to analyze the determinants of the current account deficits for a broad samples of industrial and developing countries for the period 1984-2001. Using a dynamic panel data estimation procedure, we try to unfold the impact of several macro economic and institutional variables on current account deficits. In this context, we also examine the validity of Feldstein Horioka puzzle and its relevance to the current account imbalances. Results show that better governance, a more sophisticated financ...
Multiregional social accounting matrix and multiplier analysis: an application for Turkish economy Erdoğan, Eda; Voyvoda, Ebru; Department of Economics (2011) Social accounting matrix (SAM) is one of the tools used in regional economic analysis, enabling understanding the structure of the economy as well as analyzing the impacts of policies or exogenous shocks. In this thesis, a two-region SAM of Turkey is constructed for the year 2002 and the findings of multiplier analysis are presented. To this end, first, a two-region input-output (I-O) table is constructed using location quotient (LQ) method and using this two-region I-O table, a two-region SAM is compiled. ...

Citation Formats

T. Köse, “The dominance of the dollar and its sustainability in the international monetary system,” M.S. - Master of Science, Middle East Technical University, 2008.