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The paper investigates the determinants of geographical distribution of international currencies in global financial market transactions. We implement a gravity model, in which international currency distribution depends on the characteristics of the source and destination countries. We find...
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affected by disputes with China, and is different from the diffusion behaviours of the offshore US dollar, euro, British pound …
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affected by disputes with China, and is different from the diffusion behaviours of the offshore US dollar, euro, British pound …
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