Since EMU represents a currency area with a GDP level and a world market share comparable to the United States, it is … widely expected that the euro will become an important international currency. This paper suggests simple methods of how to …. Estimates presented indicate that the euro may indeed lead to a significant decline in the market share of the dollar as an …

Since EMU represents a currency area with a GDP level and a world market share comparable to the United States, it is … widely expected that the euro will become an important international currency. This paper suggests simple methods how to …. Estimates presented indicate that the euro may indeed lead to a significant decline in the market share of the dollar as an …

One possible consequence of the establishment of the Euro is a challenge to the hegemony of the US dollar as the … predominant international currency. No other currency has been able to rival the international role of the greenback since World … presence of large shocks opens a window of opportunity for the Euro to promote systemic stability. The present study pursues …