. Estimates presented indicate that the euro may indeed lead to a significant decline in the market share of the dollar as an … widely expected that the euro will become an important international currency. This paper suggests simple methods how to … quantify the effects that EMU may exert on the roles of the dollar and the yen as the other major international currencies …

Under near zero United States (US) interest rates, the international dollar standard malfunctions. Emerging markets … commodity prices rise worldwide unless interrupted by an international banking crisis. This cyclical inflation on the dollar …

Over 85% of all foreign exchange (FX) transactions involve the US dollar. I show that the US dollar dominates FX … trading volume because of strategic avoidance of price impact. To demonstrate this, I leverage the fact that non-dollar … currency pairs can be traded indirectly by using the US dollar as an intermediate vehicle currency. I present a model of FX …

yield that periods of strong comovements of the US dollar and Pound sterling based upon the Euro prevail during the 1990s … and periods of comovements of Euro and Pound sterling denominated in US dollar prevail since the introduction of the Euro …

This paper studies the dynamics of volatility transmission between Central European currencies and euro/dollar foreign … significant spillovers running from euro/dollar to the Central European foreign exchange markets. To measure the overall magnitude …

We investigate possible presence of time-varying risk premia in forward pound, yen,and Euro monthly exchange rates … versus the US dollar 3 over the last two decades. We study this issue using regression techniques and separately using a …-varying risk premium component in yen and Euro. The same model provides evidence for the presence of risk premium in pound over a …

We investigate time varying risk premia in forward dollar/pound monthly exchange rates over the last two decades. We …