This paper suggests that the dollar is not threatened as the hegemonic international currency, and that most analysts … are incapable of understanding the resilience of the dollar, not only because they ignore the theories of monetary … default. It is argued that the current crisis in Europe illustrates why the euro is not a real contender for hegemony in the …

analysts agreed that the euro would be a strong currency, appreciating against the US dollar. The first years of life of the … ‘international money’ and the ‘framing’ of expectations approaches explain the behaviour of the dollar/euro exchange rate better than …The predictions made by economists of the value of the euro prior to its introduction were essentially based on the …

standard going forward. Our analysis suggests that a tripolar currency order¡ªconsisting of the dollar, the yuan and the euro …The recent financial crisis highlighted some of the underlying defects in the dollar-based reserve system. This paper … argues that the era of the US hegemonic stability and unipolarity, which provided the foundation for the dollar¡¯s sustenance …

markets have developed sufficiently to facilitate the emergence of the euro as a reserve currency on par with the US dollar …. We find that the liquidity and breadth of euro financial markets are fast approaching those of dollar markets, and as a … result the euro is eroding some of the advantages that have historically supported the pre-eminence of the US dollar as a …

whether the euro stands any real chances of dethroning the US dollar as the global currency. Among other things, the empirical … near future the euro may be regarded as a global reserve currency on a par with the US dollar or it may even become the … leading reserve currency. Finally, the empirical analysis also shows that the proportion of the euro in foreign currency …

Sovereign debt crisis in the Euro area, which began officially in Greece, was predicted by over the years for many …, more countries with a weaker economy, even if they were not part of the Euro area. However, its effects were seen in Europe …

whether the euro stands any real chances of dethroning the US dollar as the global currency. Among other things, the empirical … near future the euro may be regarded as a global reserve currency on a par with the US dollar or it may even become the … leading reserve currency. Finally, the empirical analysis also shows that the proportion of the euro in foreign currency …