Eun, Cheol S.; Kim, Soo-Hyun; Lee, Kyuseok - In: Finance Research Letters 12 (2015) C, pp. 100-108
Using a simple numeraire currency-independent metric to measure distances between currencies, it is found that for most of the 25 sampled floating currencies, excluding the US dollar and euro, there has been a noticeable decrease in the ratio of a currency’s distance from the euro to its...