The Dollar Position of the Non-U.S. Private Sector, Portfolio Effects, and the Exchange Rate of the Dollar

Author / Creator

Barenco, Bixio

Available as

Online

Summary

This paper measures the net dollar position of the non-U.S. private sector and a few other international positions -- notably the net foreign-currency position of the U.S. private sector. These cur...

This paper measures the net dollar position of the non-U.S. private sector and a few other international positions -- notably the net foreign-currency position of the U.S. private sector. These currency positions provide the basis for a discussion of portfolio effects which are especially relevant for questions related to the future financing of U.S. current-account deficits. A special feature of this exercise is the explicit identification of the non-U.S. public sector as a potential source of dollar assets for the non-U.S. private sector ...

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