developments are intensifying the competition between the U.S. dollar and the euro. Four possible future scenarios are developed …

traditional portfolio objectives as debt to reserve ratios decrease. We empirically estimate optimal dollar and euro shares for 24 … reserve ratios, introducing transactions demand has a elatively modest effect. We also find that euro and dollar bonds act as … sudden stops in Asia and Latin America, while the euro is a better hedge for sudden stops in Emerging Europe. We reproduce …

Macroeconomic adjustment in the euro area periphery was more recessionary than pre-crisis imbalances would have …

Bulgaria follows a currency board tied to the euro and we find that multi-product firms (MPFs) specializing only in Non …

A technical analysis shows that the doomsayers who support the euro at all costs and those who naively theorize that a … single currency is the root of all evil are both wrong. A euro exit could be a way of getting back to growth, but at the same … the euro; or, in the case of a euro exit, on the quality of the economic policies that are put in place once the country …

haircut increases are simulated. Insufficient Eurosystem funding could lead Greece to abandon the euro zone …

moving the US dollar, yen and euro in the intended direction at horizons of up to three months after G7 meetings, but not at …

French taxpayer. In the aftermath of the devaluation of the Franc CFA in 1994, and of the peg of the currency to the Euro in …

economic variables determine a given country’s currency bloc affiliation. The dollar bloc differs from the euro bloc in that …