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Reserve Currencies in Cash Payments and International Trade


Sergey Narkevich
(about the author)

Narkevich Sergey Sergeevich – Research Оfficer, Institute for Economic Policy named after E.T.Gaidar, Moscow

Published in:
Russian Journal of Entrepreneurship
– № 23 / December, 2012



Keywords: currency in cash, dollarization, international currency system, pricing in foreign trade, reserve currencies


Citation:
Sergey Narkevich (2012). Reserve Currencies in Cash Payments and International Trade. Russian Journal of Entrepreneurship, 13(23), 65-73. — url: http://bgscience.ru/com/lib/3938


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Abstract:

The paper examines the features of the use of reserve currencies in international transactions. The concepts of a reserve currency and a regional reserve currency are defined. The factors influencing the use of reserve currencies in cash transactions and for setting prices in international trade are described. The statistics of the international currency market is given on the basis of which the key trends in the use of reserve currencies are analyzed.







References:
1. Kennen P.B. The Role of the Dollar as an International Currency. New York: Group of Thirty. 1983.