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 … mix of their debt issuance depending on the relative borrowing cost between dollar and euro debt. In sum, the …

determine the extent to which national currencies across the world belong to a reserve currency bloc. We then use these …-polar system - consisting of the U.S. dollar and the euro - to a tri-polar one that includes the renminbi. The dollar bloc is …) and the euro blocs (20 percent). The geographical area of influence for the RMB bloc appears to be most evident among the …

accompanied by an increase in the shares of the pound sterling, yen and euro, other long-standing reserve currencies and units …

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 …

When the euro was introduced in 1998, one objective was to create an alternative global reserve currency that would … grant benefits to euro area countries similar to the U.S. dollar's 'exorbitant privliege': id est, a boost to the perceived … quality of euro denominated assets that would increase demand for such assets and reduce euro area members' funding costs …