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We propose a flow-based criterion (intensity of use) and a stock-based criterion (stability of value) for choosing an anchor currency. This conceptual framework is applied to analyzing the RCEP region. According to the estimated TVP-VAR model, the influence of the US dollar in the region was...
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"globalökonomischen" Interessen der Weltwirtschaft. Eine neue Weltwährung könnte z.B. den Dollar, Euro, Renminbi und Yen umfassen. Bernd …
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