establishment of currency unions, the monetizing of recently acquired colonies, preferential trade arrangements, and customs unions …

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 …

"This paper demonstrates that "commodity currency" exchange rates have remarkably robust power in predicting future …