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Will the euro eventually surpass the dollar as leading international reserve currency?

Chinn, Menzie David; Frankel, Jeffrey A. - 2006

: the euro. This paper econometrically estimates determinants of the shares of major currencies in the reserve holdings of ….9). The advent of the euro interrupts the continuity of the historical data set. So we estimate parameters on pre-1999 data … dollar and euro over the period 1999-2004. Whether the euro might in the future rival or surpass the dollar as the world …

Persistent link: https://www.econbiz.de/10003855348

The Dollar versus the Euro as International Reserve Currencies

Chinn, Menzie David; Frankel, Jeffrey A.; Itō, Hiro - National Bureau of Economic Research - 2024

currencies are less successfully explained. It may be that the results from currency-by-currency estimation are impaired by …

Persistent link: https://www.econbiz.de/10014528426

Unemployment in the Great Recession : A Comparison of Germany, Canada and the United States

Hoffmann, Florian - 2014

This paper investigates the potential reasons for the surprisingly different labor market performance of the United States, Canada, Germany, and several other OECD countries during and after the Great Recession of 2008-09. Unemployment rates did not change substantially in Germany, increased and...

Persistent link: https://www.econbiz.de/10012457972

Do Central Banks Rebalance Their Currency Shares?

Chinn, Menzie David; Itō, Hiro; McCauley, Robert N. - National Bureau of Economic Research - 2021

Do central banks rebalance their currency shares? The answer matters because the dollar's predominant role in large official reserve holdings means that widespread rebalancing requires central banks to buy (sell) a depreciating (appreciating) dollar, stabilising its value against other major...

Persistent link: https://www.econbiz.de/10012616637

Three current account balances : a "semi-structuralist" interpretation

Chinn, Menzie David; Yi, Chae-u - 2007 - Rev.

Three current account imbalances - one very large deficit (the United States) and two surpluses (Japan and the Euro … down. For the Euro area, less than half a percentage point of its current account surplus is found to require an adjustment …

Persistent link: https://www.econbiz.de/10003855162

Labor Market Institutions and the Distribution of Wages : The Role of Spillover Effects

Fortin, Nicole Marie; Lemieux, Thomas; Lloyd, Neil - National Bureau of Economic Research - 2021

This paper examines the role of spillover effects of minimum wages and threat effects of unionization in changes in wage inequality in the United States between 1979 and 2017. A distribution regression framework is introduced to estimate both types of spillover effects. Threat effects double the...

Persistent link: https://www.econbiz.de/10012482593