Abstract

Several currencies have arisen as credible competitors for the dollar's primary reserve currency position in central banks around the globe, and many wonder how long the dollar can maintain its position. Reserve currency usage is dependent relative to the size of the home economy, openness to trade, and prosperous and stable growth, including an inertial bias. This paper utilizes econometric methods to examine the significance of macroeconomic indicators of the U.S. dollar’s reserve currency status. The dataset is gathered from the IMF's COFER database using a time period from 2000 to 2013 in order to capture the most relevant reserve levels post-euro adoption. The estimated coefficient values indicate a significant inertial bias. This result implies that we can expect the dollar to hold the primary reserve currency position for the near future.

Notes

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Thesis Completion

2015

Semester

Spring

Advisor

Aysun, Uluc

Degree

Bachelor of Science in Business Administration (B.S.B.A.)

College

College of Business Administration

Department

Economics

Subjects

Business Administration -- Dissertations, Academic; Dissertations, Academic -- Business Administration

Format

PDF

Identifier

CFH0004803

Language

English

Access Status

Open Access

Length of Campus-only Access

None

Document Type

Honors in the Major Thesis

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Included in

Economics Commons

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