There are, broadly speaking, two competing theories that help to explain why Argentina has a long history of financial turmoil. One emphasizes Argentina’s tradition of patronage politics, its complex ...

Our unique data on the currency composition of global foreign exchange reserves, COFER, track how much of the world’s reserves are held at central banks in different currencies—such as the US dollar, ...

The US dollar is the world’s reserve currency with no obvious successors, but the recent market volatility has revived questions about the role of the greenback for the global economy going forward.

One of the more intriguing financial trends that has gained popularity in recent years is the de-dollarization movement. De-dollarization is an effort by a growing number of countries to reduce the ...

Chinese leader Xi Jinping has called for the Chinese yuan to become a global reserve currency, perhaps capitalizing on the dollar's decline over the past year. Over the weekend, the ruling Communist ...