With this note, I would like to express my best wishes for the successful conclusion of this Conference! Thank you for your kind attention! 3
To some extent, this may be explained by the significant network-increasing returns (that is, the increased likelihood of a currency being used as either a means of payment, unit of account or store of value deriving from its use for such purposes by other parties) backing the persistence of the US dollar as the main global currency and reserve asset.