On January 1,1999 euro became the currency for 11 member states of the European Union. Since then the dollar-euro … exchange rate has completed a full turning. Three years of depreciation of the euro followed by three years of appreciation … without wild fluctuations asks for an explanation which would adequately account for the position of the euro as an emerging …

the world economy. This matter is settled by arguing that the global imbalances acted as a "handmaiden" to the 2008 …

default. It is argued that the current crisis in Europe illustrates why the euro is not a real contender for hegemony in the …

euro and the Chinese renminbi (RMB). It focuses on what we call China’s “dominance hypothesis”, i.e. whether the renminbi …

moving the US dollar, yen and euro in the intended direction at horizons of up to three months after G7 meetings, but not at …

Since EMU represents a currency area with a GDP level and a world market share comparable to the United States, it is … widely expected that the euro will become an important international currency. This paper suggests simple methods how to …. Estimates presented indicate that the euro may indeed lead to a significant decline in the market share of the dollar as an …

dollar and euro over the period 1999-2004. Whether the euro might in the future rival or surpass the dollar as the world …: the euro. This paper econometrically estimates determinants of the shares of major currencies in the reserve holdings of … the world's central banks. Significant factors include: size of the home country, inflation rate (or lagged depreciation …