{"id":17974,"date":"2026-03-25T11:15:27","date_gmt":"2026-03-25T09:15:27","guid":{"rendered":"https:\/\/www.poleconomix.gr\/portal\/?p=17974"},"modified":"2026-03-25T11:15:27","modified_gmt":"2026-03-25T09:15:27","slug":"our-underappreciated-international-reserve-system","status":"publish","type":"post","link":"https:\/\/www.poleconomix.gr\/portal\/our-underappreciated-international-reserve-system\/","title":{"rendered":"Our underappreciated international reserve system"},"content":{"rendered":"\n<p>Serkan Arslanalp, \u00a0Barry Eichengreen, \u00a0Chima Simpson-Bell\u00a0<\/p>\n\n\n\n<p>The composition of international reserves is in a constant state of flux. This column identifies some surprising recent trends, including the continued diversification away from US dollar reserves toward non-traditional currencies, rising central bank purchases of gold and soaring gold prices that have made gold the second-largest reserve asset, the repatriation of a significant fraction of gold reserves, and the stalling of Chinese renminbi internationalisation. While none of these developments is likely to have an immediate impact on the evolution of the international reserve system, any weakening of the US dollar\u2019s safe-haven status would present a more serious challenge.<\/p>\n\n\n\n<p>\u03a0\u03b7\u03b3\u03ae: Voxeu<\/p>\n\n\n\n<p><a href=\"https:\/\/cepr.org\/voxeu\/columns\/our-underappreciated-international-reserve-system\">\u03c0\u03bb\u03ae\u03c1\u03b5\u03c2 \u03ba\u03b5\u03af\u03bc\u03b5\u03bd\u03bf<\/a><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Serkan Arslanalp, \u00a0Barry Eichengreen, \u00a0Chima Simpson-Bell\u00a0 The composition of international reserves is in a constant state of flux. This column identifies some surprising recent trends, including the continued diversification away from US dollar reserves toward non-traditional currencies, rising central bank purchases of gold and soaring gold prices that have made gold the second-largest reserve asset, [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18,4,38],"tags":[],"class_list":["post-17974","post","type-post","status-publish","format-standard","hentry","category-18","category-proposals","category-38"],"_links":{"self":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/17974","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/comments?post=17974"}],"version-history":[{"count":1,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/17974\/revisions"}],"predecessor-version":[{"id":17975,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/posts\/17974\/revisions\/17975"}],"wp:attachment":[{"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/media?parent=17974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/categories?post=17974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.poleconomix.gr\/portal\/wp-json\/wp\/v2\/tags?post=17974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}