The global inflation cycle and the dollarisation system with the interlink with commodities: an application of the Bayesian network analysis
Amira Hakim
What the paper says
This paper investigates the dollarisation of the international monetary system within the catalyst of global inflation using the commodities under the connectedness of the selected aggregates as an intermediary within the Bayesian network model and over a time horizon during the period Q1 1984 to Q4 2020. The Bayesian network approach results reveal that energy and gold act as hedges for the financialisation of the economy and therefore for stabilising global inflation. Our findings also indicate that the capital market and cryptocurrencies do not have significant impacts on the dollarisation of the monetary system. Moreover, the findings of the study show that the significant impact of commodities stabilising the global inflation cycle seems to be significant for the dollarisation of the monetary system.
Evidence weight
Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40
| F · citation impact | 0.50 × 0.4 = 0.20 |
| M · momentum | 0.50 × 0.15 = 0.07 |
| V · venue signal | 0.50 × 0.05 = 0.03 |
| R · text relevance † | 0.50 × 0.4 = 0.20 |
† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.