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 …

increasingly desirable and necessary. This paper suggests that East Asia’s emerging economies begin with a currency basket system … Asia ; yen and yuan ; new Bretton Woods system ; G-3 or G3-plus currency basket regime ; Asian currency unit (ACU) …