The International Monetary and Financial System
探讨国际货币的多重角色及其协同效应，分析美元霸权对美国外部资产负债表、国际调整过程及汇率可预测性的影响，并讨论国际货币溢出效应、过高特权及新特里芬难题。
International currencies fulfill different roles in the world economy, with important synergies across those roles. We explore the implications of currency hegemony for the external balance sheet of the United States, the process of international adjustment, and the predictability of the US dollar exchange rate. We emphasize the importance of international monetary spillovers and of the exorbitant privilege, and we analyze the emergence of a new Triffin dilemma.