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currencies for much of the world. Our discussion encompasses the history of anchor currency choice, methods for classifying …
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On the twentieth anniversary of its inception, the euro has yet to expand its role as an international currency. We document this fact with a wide range of indicators including its role as an anchor or reference in exchange rate arrangements--which we argue is a portmanteau measure--and as a...
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analysis is on three related hypotheses tested with both "world" aggregate levels and on an individual country basis. First …
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