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 …

economy. The measure of a currency's global role is based on the size and stage of development of the underlying economy, as … currency. The paper applies the concept to 22 currencies of advanced and emerging economies. The results confirm the well … measure in detail, arguing that in view of financial globalisation, an indicator based on currency shares in the international …

have experienced substantially larger currency depreciations during the crisis overall, and to US shocks in particular. …

is already the dominant currency in Asia, exerting a large influence on exchange rate and monetary policies in the region … the RMB has become a key driver of currency movements in emerging Asia since the mid-2000s, and even more so since the … international monetary system is already tri-polar. However, we also find that China’s currency movements are to some extent …

is already the dominant currency in Asia, exerting a large influence on exchange rate and monetary policies in the region … the RMB has become a key driver of currency movements in emerging Asia since the mid-2000s, and even more so since the … international monetary system is already tri-polar. However, we also find that China's currency movements are to some extent …

/euroisation is found to have been transmitted through the main channels traditionally highlighted in the literature, i.e. currency …