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currencies for much of the world. Our discussion encompasses the history of anchor currency choice, methods for classifying …
Persistent link: https://www.econbiz.de/10012660025
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...
Persistent link: https://www.econbiz.de/10012479284
. Our central finding is that the US dollar scores (by a wide margin) as the world's dominant anchor currency and, by some …
Persistent link: https://www.econbiz.de/10012455547