Heng, Chen; Fausten, Dietrich; Wong, Wing-Keung - 2006
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 …