dollar and euro over the period 1999-2004. Whether the euro might in the future rival or surpass the dollar as the world … dollar persists into the future - the euro may surpass the dollar as leading international reserve currency by 2022 … currency? Unlike the last time this question was prominently discussed, ten years ago, there now exists a credible competitor …

the near future is much more likely. The advent of a multi-reserve currency world is unlikely to have negative … financial development, RMB status as a major reserve currency is some time off. A role for regional reserve currency status in … currency status will force sacrifices in terms of policy autonomy. In addition, reserve currency status might reduce …

We study how the financial conditions in the Center Economies [the U.S., Japan, and the Euro area] impact other … function of country-specific macroeconomic conditions and policies, including the exchange rate regime, currency weights …. Extending our previous work (Aizenman et al. (2016)), we devote special attention to the impact of currency weights in the …