The Euro and the RMB are both relatively new currencies traded on the global foreign exchange market. While the Euro … was introduced in 2001, China started cross-border settlement in RMB in 2009. We analyse the evolution of Euro trading … that – similar to the RMB – Euro trading displayed some convergence to the geographical pattern of all currencies in the …

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

the euro-dollar exchange rate, within a three-country, three-currency portfolio model. Our static model shows that the … euro-dollar rate, whatever the exchange-rate regime of China. Moving to a dynamic, stock-flow framework, we show that the …

The predictions made by economists of the value of the euro prior to its introduction were essentially based on the … analysts agreed that the euro would be a strong currency, appreciating against the US dollar. The first years of life of the … ‘virtual’ euro contradicted such a forecast. Economists therefore abandoned predictions based on the euro as a ‘global’ money …

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 …

integration process that led to the creation of the euro. We then discuss the role played by the euro in the IMS as an … reserves of the euro, the US dollar and the renminbi. In the discussion, we take into account the current sovereign debt crisis …