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Would Gradual De‐Dollarization and More Financing in Local Currencies Boost Trade?
Author(s) -
Hirschhofer Harald
Publication year - 2019
Publication title -
global policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.602
H-Index - 33
eISSN - 1758-5899
pISSN - 1758-5880
DOI - 10.1111/1758-5899.12712
Subject(s) - currency , economics , international economics , financial stability , monetary economics , local currency , financial system
The article summarizes arguments in favor of de‐nominating trade finance in local currencies. By reducing exposure to policy developments in reserve currency countries and improving the allocation of currency risk with the help of global currency risk markets will have a positive long‐term impact on stability, trade volumes, and growth.