measure in detail, arguing that in view of financial globalisation, an indicator based on currency shares in the international …This paper presents a new concept – the global roles of currencies. The concept combines the domestic and international … economy. The measure of a currency’s global role is based on the size and stage of development of the underlying economy, as …

capita! mobility has helped to tame governments in their fiscal and monetary policies. Nevertheless, the Asian currency and … financial crisis and its aftermath have revealed structural problems on the national as well as on the international level and … broad international consensus has emerged to support reforms to strengthen the international financial system. The aim of …

international monetary system is already tri-polar. However, we also find that China’s currency movements are to some extent …This paper assesses whether the international monetary system is already tripolar and centred around the US dollar, the … is already the dominant currency in Asia, exerting a large influence on exchange rate and monetary policies in the region …

The main strength of today’s international monetary system – its flexibility and adaptability to the different needs of … a systematic review of the literature on the current international monetary system, in particular its functioning and …

, but also because of its heavy reliance on the US dollar for regional and international transactions. As Asia's role in the … existence of appropriate financial infrastructure could reduce the relatively larger costs of bilateral currency transactions … and appending a government bond payment and securities settlement system could be a practical solution to international …

on trade, but also because of its heavy reliance on the US dollar for regional and international transactions. As Asia … bilateral currency transactions compared with triangular transactions through the United States dollar. As most central banks … system could be a practical solution to international monetary system reform and the diversification of settlement currencies. …

The 'currency war', as it has become known, has three aspects: 1) the inflexible pegs of undervalued currencies; 2 …) recent attempts by floating exchange-rate countries to resist currency appreciation; 3) quantitative easing. Europe should … primarily be concerned about the first issue, which relates to the renewed debate about the international monetary system. The …