The paper discusses the phenomenon of modern convertibility in paper currency system. Unlike the period of metal (mint … between states. A proclamation of convertibility and tying this to the name of a national currency (Bosnia and Herzegovina) is …) value and traditional convertibility, convertibility today has different aspects and dimensions. Furthermore, it is …

U.S. paper dollar had become 'as good as gold.' These outcomes emerged from how the U.S. federal government financed …

economy. The measure of a currency's global role is based on the size and stage of development of the underlying economy, as … currency. The paper applies the concept to 22 currencies of advanced and emerging economies. The results confirm the well … measure in detail, arguing that in view of financial globalisation, an indicator based on currency shares in the international …