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Will the Euro Eventually Surpass the Dollar as Leading International Reserve Currency?

Chinn, Menzie David - 2012

Might the dollar eventually follow the precedent of the pound and cede its status as leading international reserve currency? Unlike ten years ago, there now exists a credible competitor: the euro. This paper econometrically estimates determinants of the shares of major currencies in the reserve...

Persistent link: https://www.econbiz.de/10013105149

The Euro May Over the Next 15 Years Surpass the Dollar as Leading International Currency

Chinn, Menzie David - 2010

The euro has arisen as a credible eventual competitor to the dollar as leading international currency, much as the dollar rose to challenge the pound 70 years ago. This paper uses econometrically-estimated determinants of the shares of major currencies in the reserve holdings of the world's...

Persistent link: https://www.econbiz.de/10012759417

Innovation and Trade Policy in a Globalized World

Akcigit, Ufuk - 2018

innovation endogenously determines the dynamics of technology, and, therefore, market leadership and trade flows, in a world with … innovation motive, (ii) the expansionary innovation motive, and (iii) technology spillovers. The theoretical investigation …, dynamically, intensified globalization boosts domestic innovation through induced international competition. Accounting for …

Persistent link: https://www.econbiz.de/10012920880