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 …

We present a new approach to study empirically the effect of the introduction of the euro on currency invoicing. Our … approach uses a compositional multinomial logit model, in which currency choice depends on the characteristics of both the … currency and the country. We use unique quarterly panel data of Norwegian imports from OECD countries for the 1996-2006 period …

set of sovereign defaults and find that default events on local and foreign currency bonds are equally likely. However …, governments default under different economic and financial conditions depending on the currency in which bonds are issued. The … explained variation in default probability rises from 43% to 62% when we account for differences in currency denomination. We …

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 …

regimes–rather than a peg to an external currency. This requires major emerging economies–particularly the People’s Republic … to create a regional monetary anchor through a combination of some form of national inflation targeting and a currency … basket system. Emerging economies in the region need to find a suitable currency basket for their exchange rate target, such …

) government bonds, the People’s Republic of China (PRC) needs a currency with international status that can match its economic …

regimes–rather than a peg to an external currency. This requires major emerging economies–particularly the People’s Republic … to create a regional monetary anchor through a combination of some form of national inflation targeting and a currency … basket system. Emerging economies in the region need to find a suitable currency basket for their exchange rate target, such …

) government bonds, the People’s Republic of China (PRC) needs a currency with international status that can match its economic …

regimes–rather than a peg to an external currency. This requires major emerging economies–particularly the People’s Republic … to create a regional monetary anchor through a combination of some form of national inflation targeting and a currency … basket system. Emerging economies in the region need to find a suitable currency basket for their exchange rate target, such …