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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
We develop a novel system of re-classifying historical exchange rate regimes. One difference between our study and previous classification efforts is that we employ an extensive data base on market-determined parallel exchange rates. Our 'natural' classification algorithm leads to a stark...
Persistent link: https://www.econbiz.de/10012469751
Detailed country-by-country chronologies are an informative companion piece to our paper "Exchange Arrangements Entering the 21st Century: Which Anchor Will Hold?," which provides a comprehensive history of anchor or reference currencies, exchange rate arrangements, and a new measure of foreign...
Persistent link: https://www.econbiz.de/10012455546
. 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