This paper examines the impacts of the 2005 shift in Russian exchange rate policies from single-currency to bi-currency … interest rates from US dollar-denominated interest rates, replacing them with a growing positive relationship with the dual-currency … currency or a basket …

Based on a classification of countries and territories according to their regime and anchor currency choice, the study … considers the two major currency blocs of the present world. A nested logit regression suggests that long-term structural … economic variables determine a given country's currency bloc affiliation. The dollar bloc differs from the euro bloc in that …

The internationalization of China’s currency, the renminbi (RMB) bolsters the growing economic and political influence …

no evidence of a rate-fixing role for the RMB exchange rate against the currency basket announced by China in December …

The first part of this paper is a review of significant papers in the vast literature on optimum currency area (OCA … part considers empirical literature on the types of geographical areas that might constitute optimum currency areas …

market transactions. We implement a gravity model, in which international currency distribution depends on the … characteristics of the source and destination countries. We find that the source country's currency is more likely to be used in the … market and whether the two countries use a common language are important determinants of the currency distribution. In …