This paper examines opposing views on the euro''s challenge to the dollar as an international currency. One view … also show the euro has significantly overtaken the legacy currencies as a reserve currency. Generally, large economic size … alone is insufficient to challenge the network externalities supporting vehicle currencies, but scope exists for the euro to …

in Mexico (confirming previous research) and in the Asian countries …

We isolate a U.S. dollar currency premium by comparing corporate bonds issued in the dollar and the euro by firms o … without a currency hedge and about the same with a currency hedge when compared to the euro. This observed parity in currency … short maturities, attributes similar to those of safe sovereigns. Finally, we find that firms flexibly adjust the currency …

generate higher average welfare gains for East Asian countries than currency unions with Japan or the United States. Overall …, Japan does not appear to be a dominant player in forming a currency union in East Asia, and this trend is likely to continue …This paper examines the role of Japan against that of China in the exchange rate regime in East Asia in light of …

This paper estimates a speculative attack model of currency crises in an attempt to identify the roles of macroeconomic … rate systems in the European currency markets. For a sample of five countries, including Denmark, Ireland, Spain, Norway …

currency area. NAFTA is compared with the EC, a regional grouping for which initial plans for a monetary union are already in …