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reserve holdings of the world's central banks. Significant factors include: size of the home country …rival or surpass the dollar as the world's leading international reserve currency appears to depend on …
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In this paper we assess the empirical relevance of an expectations version of purchasing power parity in forecasting the Dollar/Euro exchange rate. This version is based on the differential of inflation expectations derived from inflation-indexed bonds for the Euro area and the USA. Using the...
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the world's central banks. Significant factors include: size of the home country, inflation rate (or lagged depreciation … dollar and euro over the period 1999-2004. Whether the euro might in the future rival or surpass the dollar as the world …
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determinants of the shares of major currencies in the reserve holdings of the world's central banks. Significant factors include … euro might in the future rival or surpass the dollar as the world's leading international reserve currency appears to …
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1. Life at the top : international currencies in the twenty-first century -- 2. The euro and transatlantic relations -- 3. EMU and the dollar : who threatens whom? -- 4. Global currency rivalry : can the euro ever challenge the dollar? -- 5. Enlargement and the international role of the euro --...
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