This study divides the world into currency zones according to the co-movement of each currency with the key currencies …. The dollar zone groups economies that produce well over half of global GDP. The euro zone now includes almost all of … of the DM/euro from northwestern Europe to Europe and beyond.Global imbalances differ from a currency perspective. In the …

affected the inner balance of the Chinese basket-peg, swaying it from the Euro towards a more favorable dollar. This research …

intervention currency in the world. The dollar became such an important currency after the shift from the British pound which …, during the gold standard, was the world's reserve currency until the first decades of the XX century. The dollar retained its … considerably changed after introducing of the euro which in the first decade of the XXI century exceeded 20% share in reserves of …

The euro is the second most important global currency after the US dollar. However, its international role has not … increased since its inception in 1999. The private sector prefers using the US dollar rather than the euro because the financial … the attractiveness of the euro outside the euro area requires, among others, a proactive role for the European Central …