/euroisation was an important contributor to the severity of the crisis, once other of its well-established determinants are taken into … account, including fast pre-crisis credit growth, current account deficits, trade and financial openness, market regulation … constraints in the midst of the crisis. The results help to shed light on the long-standing debate regarding the conduct of …

moving the US dollar, yen and euro in the intended direction at horizons of up to three months after G7 meetings, but not at …

euro and the Chinese renminbi (RMB). It focuses on what we call China’s “dominance hypothesis”, i.e. whether the renminbi … global financial crisis. These results are consistent with China’s dominance hypothesis and with the view that the …

a special emphasis on the first year of the euro. A contribution is made as to how to measure these roles, both for … identification of changes in the role of the euro during 1999 compared to the aggregate of euro predecessor currencies, net of intra … -euro area assets/liabilities, before stage 3 of EMU. A number of key factors determining the currency distribution of …