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 …

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 …

equity investors and speculative money market investors while investors in currency option markets react strongly to expected …

This paper investigates the relation between monetary conditions and the excess returns arising from currency carry … decrease in inter-national risk aversion, which in turn leads to a compression in currency risk premia and higher carry trade …