of the U.S. dollar andthe euro - to a tri-polar one that includes the renminbi. The dollar bloc is estimated tocontinue … to dominate, having the largest share in global GDP (40 percent), followed by therenminbi (30 percent) and the euro blocs …

union, were it to emerge and opt for an anchorage. I find - based on the trade criterion - that the euro seems to be a good …

of them have been tracking either the euro or the US dollar in recent years. Eight countries, all of them current or … aspiring EU members, track the euro. Of the five countries keying on the US dollar in various degrees, all but one belong to … the Commonwealth of Independent States. The paper shows that the extent to which each country's currency tracks the euro …

We examine economic convergence among euro area countries on multiple dimensions. While there was nominal convergence … of inflation and interest rates, real convergence of per capita income levels has not occurred among the original euro … currency and has reversed in the wake of the global economic crisis. New euro area members, in contrast, have seen real income …

effects. The announcement of an ECB euro liquidity line decreases the premium paid by foreign agents to borrow euros in FX … equity prices increase by around 1.75% in euro area countries highly exposed via banking linkages to countries whose …