measure in detail, arguing that in view of financial globalisation, an indicator based on currency shares in the international …This paper presents a new concept - the global roles of currencies. The concept combines the domestic and international … economy. The measure of a currency's global role is based on the size and stage of development of the underlying economy, as …

We present a new approach to study empirically the effect of the introduction of the euro on the pattern of currency … invoicing. Our approach uses a compositional multinomial logit model, in which currency choice is explained by both currency … countries for the 1996-2006 period. We find that eurozone countries have substantially increased their share of home currency …

measure in detail, arguing that in view of financial globalisation, an indicator based on currency shares in the international …This paper presents a new concept – the global roles of currencies. The concept combines the domestic and international … economy. The measure of a currency’s global role is based on the size and stage of development of the underlying economy, as …

international monetary system is already tri-polar. However, we also find that China’s currency movements are to some extent …This paper assesses whether the international monetary system is already tripolar and centred around the US dollar, the … is already the dominant currency in Asia, exerting a large influence on exchange rate and monetary policies in the region …

international monetary system is already tri-polar. However, we also find that China's currency movements are to some extent …This paper assesses whether the international monetary system is already tripolar and centred around the US dollar, the … is already the dominant currency in Asia, exerting a large influence on exchange rate and monetary policies in the region …

This paper offers new evidence on the emergence of the dollar as the leading international currency, focusing on its … role as currency of denomination in global bond markets. We show that the dollar overtook sterling much earlier than … surmount sterling's head start. The finding that a shift from a unipolar to a multipolar international monetary and financial …

at the EMU periphery. It identifies international trade, international capital flows and macroeconomic stability as …

paper is to analyse the market impact on major currency pairs of official statements made by EME policy-makers about their …