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Autore: |
Lim Ewe-Ghee
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Titolo: |
The euro's challenge to the dollar : different views from economists and evidence from COFER (Currency Composition of Foreign Exchange Reserves) and other data / / Ewe-Ghee Lim
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Pubblicazione: | Washington, D.C., : International Monetary Fund, Statistics Dept., c2006 |
Edizione: | 1st ed. |
Descrizione fisica: | 1 online resource (40 p.) |
Soggetto topico: | Euro-dollar market |
Foreign exchange | |
Note generali: | "June 2006." |
Nota di bibliografia: | Includes bibliographical references. |
Nota di contenuto: | ""Contents""; ""I. INTRODUCTION""; ""II. WHY IS THERE A NEED FOR INTERNATIONAL MONEY?""; ""III. CONCEPTUAL FRAMEWORK�FACTORS THAT FACILITATE INTERNATIONAL CURRENCY STATUS""; ""IV. REASONS FOR THE DIFFERENT VIEWS""; ""V. EMPIRICAL EVIDENCE TO DATE ""; ""VI. MEDIUM-TERM PROSPECTS FOR THE EURO""; ""VII. CONCLUSION""; ""BIBLIOGRAPHY"" |
Sommario/riassunto: | This paper examines opposing views on the euro's challenge to the dollar as an international currency. One view emphasizes Europe's large economy and diversification effects as undergirding a vigorous challenge. The other emphasizes "network externalities," particularly undergirding continued dollar dominance. The data to date support the second view but also show the euro has significantly overtaken the legacy currencies as a reserve currency. Generally, large economic size alone is insufficient to challenge the network externalities supporting vehicle currencies, but scope exists for the euro to advance as an international store of value. The paper discusses the euro's medium-term prospects. |
Titolo autorizzato: | The Euro’s Challenge to the Dollar ![]() |
ISBN: | 1-4623-2962-4 |
1-4527-2088-6 | |
1-283-51378-1 | |
9786613826237 | |
1-4519-0919-5 | |
Formato: | Materiale a stampa ![]() |
Livello bibliografico | Monografia |
Lingua di pubblicazione: | Inglese |
Record Nr.: | 9910826089103321 |
Lo trovi qui: | Univ. Federico II |
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