Since the end of World War II the dollar has played a double role, it has served as national currency of the US and as … key currency of the world economy. As world currency the dollar serves as "numeraire" for supranational flows and stocks … the world, but influence also the relative prices between commodities and manufactures, the terms of trade between …

currencies for much of the world. Our discussion encompasses the history of anchor currency choice, methods for classifying …

This study divides the world into currency zones according to the co-movement of each currency with the key currencies …. The dollar zone groups economies that produce well over half of global GDP. The euro zone now includes almost all of … of the DM/euro from northwestern Europe to Europe and beyond.Global imbalances differ from a currency perspective. In the …