economic variables determine a given country’s currency bloc affiliation. The dollar bloc differs from the euro bloc in that …

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 …

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 …

countries, as well as evidence for persistence and network externalities. Exploiting the creation of the Euro, the paper finds a … large and significant Euro liquidity effect at the cost of the dollar, especially in the early years of the life of the new … currency. The estimates suggest that the Euro is making significant progress toward threatening the role of the dollar as the …

the Euro by applying the cointegration analysis to exchange rates. The introduction of the Euro has changed the structure … credibility in the foreign exchange market, namely the Deutsche Mark, has been assimilated into the Euro. In order to evaluate if …

euro and the Chinese renminbi (RMB). It focuses on what we call China's “dominance hypothesis”, i.e. whether the renminbi …

developments are intensifying the competition between the U.S. dollar and the euro. Four possible future scenarios are developed …

Macroeconomic adjustment in the euro area periphery was more recessionary than pre-crisis imbalances would have …

: the euro. This paper econometrically estimates determinants of the shares of major currencies in the reserve holdings of ….9). The advent of the euro interrupts the continuity of the historical data set. So we estimate parameters on pre-1999 data …, and then use them to forecast the EMU era. The equation correctly predicts a (small) narrowing in the gap between the …

In this article, we explore the demand for the euro for risk management purposes, and the evidence of stock market … integration in the euro area. We define a reserve currency as one that investors demand either because it helps them hedge real … its return is negatively correlated with the returns on those assets. This article re-examines the role of the euro as a …