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. Estimates presented indicate that the euro may indeed lead to a significant decline in the market share of the dollar as an … widely expected that the euro will become an important international currency. This paper suggests simple methods how to … quantify the effects that EMU may exert on the roles of the dollar and the yen as the other major international currencies …
Persistent link: https://www.econbiz.de/10010503732
economic variables determine a given country’s currency bloc affiliation. The dollar bloc differs from the euro bloc in that … there exists a group of countries that peg temporarily to the US dollar without having close economic affinities with the …
Persistent link: https://www.econbiz.de/10009129843
, because of speculation moves in and out of the U.S. Dollar and the Euro depending on their return, increasing volatility. U … influence in this most important policy arena. It will focus on the U.S. Dollar decline as the Reserve Currency, on the Euro …China’s concern about its U.S. Dollar reserves is being amplified by the low returns of some of China’ investments in …
Persistent link: https://www.econbiz.de/10008497750
, because of speculation moves in and out of the U.S. Dollar and the Euro depending on their return, increasing volatility. U … influence in this most important policy arena. It will focus on the U.S. Dollar decline as the Reserve Currency, on the Euro …China’s concern about its U.S. Dollar reserves is being amplified by the low returns of some of China’ investments in …
Persistent link: https://www.econbiz.de/10008567957
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 … market for US dollar-denominated assets is larger and deeper; network externalities and inertia also play a role. Increasing …
Persistent link: https://www.econbiz.de/10012265943
Foreign exchange reserve accumulation has risen dramatically in recent years. The introduction of the euro, greater … increased the pressure on central banks to diversify away from the US dollar. A major portfolio shift would significantly affect … exchange rates and the status of the dollar as the dominant international currency. We develop a dynamic mean …
Persistent link: https://www.econbiz.de/10013317364
. Estimates presented indicate that the euro may indeed lead to a significant decline in the market share of the dollar as an … widely expected that the euro will become an important international currency. This paper suggests simple methods of how to … quantify the effects that EMU may exert on the roles of the dollar and the yen as the other major international currencies …
Persistent link: https://www.econbiz.de/10014193257
affected the inner balance of the Chinese basket-peg, swaying it from the Euro towards a more favorable dollar. This research …
Persistent link: https://www.econbiz.de/10012956085
Under near zero United States (US) interest rates, the international dollar standard malfunctions. Emerging markets … commodity prices rise worldwide unless interrupted by an international banking crisis. This cyclical inflation on the dollar …
Persistent link: https://www.econbiz.de/10009696939
Over 85% of all foreign exchange (FX) transactions involve the US dollar. I show that the US dollar dominates FX … trading volume because of strategic avoidance of price impact. To demonstrate this, I leverage the fact that non-dollar … currency pairs can be traded indirectly by using the US dollar as an intermediate vehicle currency. I present a model of FX …
Persistent link: https://www.econbiz.de/10012815985