While there is a huge literature on exchange rate systems since the classical gold standard, less research has been devoted to comparisons of the different arguments that guided the choices. While the origin of the international gold standard in the 1870s was a result of silver coins...

Financial solidarity between member states of the European Union has a 60 years-old history going back right to the origins of the European project in the early 1950s. However, the first 20 years or so were dominated by the financing of projects in the context of rapidly rebuilding European...

To play the role of a unit of account, an international currency must be a currency widely used to invoice international trade. This paper investigates the determinants of the use of currency in trade invoicing and evaluates the potential of the renminbi for the denomination of cross-border...