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The euro bloc, the dollar bloc and the yen bloc : how much monetary policy independence can exchange rate flexibility buy in an interdependent world?
Fratzscher, Marcel (contributor) - 2002
Persistent link: https://www.econbiz.de/10001702791
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When did the dollar overtake sterling as the leading international currency? : evidence from the bond markets
Eichengreen, Barry; Mehl, Arnaud; Chitu, Livia - 2012
Persistent link: https://www.econbiz.de/10009765214
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America First? : a US-centric view of global capital flows
McQuade, Peter; Schmitz, Martin - 2019
with those of the rest of the world. We analyse the relative importance of US, country-specific, and global variables as …. Global and national risk indicators perform better in explaining "rest of the world" flows. Moreover, we find that the … correlation between US and rest of the world flows peaks in periods of elevated uncertainty. We interpret our findings as evidence …
Persistent link: https://www.econbiz.de/10011975553
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Was unofficial dollarisation/euroisation an amplifier of the "Great Recession" of 2007 - 09 in emerging economies
Chiţu, Livia - 2012
Persistent link: https://www.econbiz.de/10009765967
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Optimal currency shares in international reserves : the impact of the euro and the prospects for the dollar
Papaioannou, Elias (contributor);  … - 2006
Foreign exchange reserve accumulation has risen dramatically in recent years. The introduction of the euro, greater liquidity in other major currencies, and the rising current account deficits and external debt of the United States have increased the pressure on central banks to diversify away...
Persistent link: https://www.econbiz.de/10003396777
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Global roles of currencies
Thimann, Christian - 2009
This paper presents a new concept the global roles of currencies. The concept combines the domestic and international (cross-border) use of currencies and therefore captures the overall importance of different currencies in a globalised economy. The measure of a currency's global role is based...
Persistent link: https://www.econbiz.de/10003832364
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Do China and oil exporters influence major currency configurations?
Fratzscher, Marcel; Mehl, Arnaud - 2008
This paper analyses the impact of the shift away from a US dollar focus of systemically important emerging market economies (EMEs) on configurations between the US dollar, the euro and the yen. Given the difficulty that fixed or managed US dollar exchange rate regimes remain pervasive and...
Persistent link: https://www.econbiz.de/10003825947
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China's dominance hypothesis and the emergence of a tri-polar global currency system
Fratzscher, Marcel; Mehl, Arnaud - 2011
This paper assesses whether the international monetary system is already tripolar and centred around the US dollar, the euro and the Chinese renminbi (RMB). It focuses on what we call China's "dominance hypothesis", i.e. whether the renminbi is already the dominant currency in Asia, exerting a...
Persistent link: https://www.econbiz.de/10009380945
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Exchange rate anchoring : is there still a de facto US dollar standard?
Bracke, Thierry; Bunda, Irina - 2011
The paper provides a measure of exchange rate anchoring behaviour across 149 emerging market and developing economies for the 1980-2010 period. An extension of the Frankel and Wei (2008) methodology is used to determine whether exchange rates are pegged or floating, and in the case of pegs, to...
Persistent link: https://www.econbiz.de/10009160000
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Global risk and the dollar
Georgiadis, Georgios; Müller, Gernot J.; Schumann, Ben - 2021
How does global risk impact the world economy? In taking up this question, we focus on the dollar’s role in the …
Persistent link: https://www.econbiz.de/10012705529