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Increasing the international role of the euro : a long way to go
Dąbrowski, Marek - 2020
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 …
Persistent link: https://www.econbiz.de/10012265943
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Increasing the International Role of the Euro : A Long Way to Go
Dabrowski, Marek - 2020
The euro is the second most important global currency after the US dollar. However, its inter-national 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 …
Persistent link: https://www.econbiz.de/10012825125
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China's dominance hypothesis and the emergence of a tri-polar global currency system
Fratzscher, Marcel; Mehl, Arnaud - 2011
euro and the Chinese renminbi (RMB). It focuses on what we call China’s “dominance hypothesis”, i.e. whether the renminbi …
Persistent link: https://www.econbiz.de/10011605438
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Monetary Policy Reform in a World of Central Banks
Schnabl, Gunther - 2012
displacement of the prevalent world monetary system. Enhanced competition between dollar and euro as international currencies …
Persistent link: https://www.econbiz.de/10010334476
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International exchange rate systems: Where do we stand?
Siebert, Horst - 2006
This paper analyzes institutional arrangements for exchange rate systems and reviews what we know. It looks at the foreign exchange market, different balance of payment situations in which countries find themselves and the necessary exchange rate adjustments. It studies the options that are...
Persistent link: https://www.econbiz.de/10010273093
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The Triffin dilemma again
Campanella, Edoardo - 2010
Tiny changes in the American monetary policy can have dramatic effects on the rest of the world because of dollar's double role of national and international currency. This is the Triffin dilemma. The paper shows how it works through three examples: price of commodities, dollarization, and the...
Persistent link: https://www.econbiz.de/10008648332
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Monetary policy reform in a World of Central Banks
Schnabl, Gunther - 2011
displacement of the prevalent world monetary system. Enhanced competition between dollar and euro as international currencies …
Persistent link: https://www.econbiz.de/10009508892
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The global move into the zero interest rate and high debt trap
Schnabl, Gunther - 2013
concluded that enhanced competition between dollar and euro as international currencies, which is refereed by East Asia, can be …
Persistent link: https://www.econbiz.de/10009769015
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Monetary-Labor Interactions, International Monetary Regimes, and Central Bank Conservatism
Cuciniello, Vincenzo - 2011
A two-country general equilibrium model with large wage setters and conservative monetary authorities is employed to investigate the welfare implications of three international monetary regimes: i) non-cooperative, ii) cooperative, and iii) monetary union. The analysis shows that the unions'...
Persistent link: https://www.econbiz.de/10013134305
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RMB Internationalization : Onshore/Offshore Links
Maziad, Samar - 2012
Among emerging market currencies, the RMB holds the most potential to become widely used internationally, due to China‘s large economic size, diversified trade structure and network, macroeconomic stability, and high growth rates - both current and expected. Yet, foreign access to...
Persistent link: https://www.econbiz.de/10013102272