Matches in SemOpenAlex for { <https://semopenalex.org/work/W3125108114> ?p ?o ?g. }
Showing items 1 to 56 of
56
with 100 items per page.
- W3125108114 abstract "The euro has arisen as a credible eventual competitor to the dollar as leading international currency, much as the dollar rose to challenge the pound 70 years ago. This paper uses econometrically-estimated determinants of the shares of major currencies in the reserve holdings of the world’s central banks. Significant factors include: size of the home country, rate of return, and liquidity in the relevant home financial center (as measured by the turnover in its foreign exchange market). There is a tipping phenomenon, but changes are felt only with a long lag (we estimate a weight on the preceding year’s currency share around .9). The equation correctly predicts out-of-sample a (small) narrowing in the gap between the dollar and euro over the period 1999-2007. This paper updates calculations regarding possible scenarios for the future. We exclude the scenario where the United Kingdom joins euroland. But we do take into account of the fact that London has nonetheless become the de facto financial center of the euro, more so than Frankfurt. We also assume that the dollar continues in the future to depreciate at the trend rate that it has shown on average over the last 20 years. The conclusion is that the euro may surpass the dollar as leading international reserve currency as early as 2025." @default.
- W3125108114 created "2021-02-01" @default.
- W3125108114 creator A5037231428 @default.
- W3125108114 creator A5050197639 @default.
- W3125108114 date "2008-01-01" @default.
- W3125108114 modified "2023-10-18" @default.
- W3125108114 title "The Euro May over the Next 15 Years Surpass the Dollar as Leading International Currency" @default.
- W3125108114 doi "https://doi.org/10.2139/ssrn.1083712" @default.
- W3125108114 hasPublicationYear "2008" @default.
- W3125108114 type Work @default.
- W3125108114 sameAs 3125108114 @default.
- W3125108114 citedByCount "6" @default.
- W3125108114 countsByYear W31251081142012 @default.
- W3125108114 countsByYear W31251081142013 @default.
- W3125108114 crossrefType "journal-article" @default.
- W3125108114 hasAuthorship W3125108114A5037231428 @default.
- W3125108114 hasAuthorship W3125108114A5050197639 @default.
- W3125108114 hasBestOaLocation W31251081142 @default.
- W3125108114 hasConcept C10138342 @default.
- W3125108114 hasConcept C109168655 @default.
- W3125108114 hasConcept C12472996 @default.
- W3125108114 hasConcept C141121606 @default.
- W3125108114 hasConcept C144133560 @default.
- W3125108114 hasConcept C162324750 @default.
- W3125108114 hasConcept C18547055 @default.
- W3125108114 hasConcept C556758197 @default.
- W3125108114 hasConcept C70455891 @default.
- W3125108114 hasConceptScore W3125108114C10138342 @default.
- W3125108114 hasConceptScore W3125108114C109168655 @default.
- W3125108114 hasConceptScore W3125108114C12472996 @default.
- W3125108114 hasConceptScore W3125108114C141121606 @default.
- W3125108114 hasConceptScore W3125108114C144133560 @default.
- W3125108114 hasConceptScore W3125108114C162324750 @default.
- W3125108114 hasConceptScore W3125108114C18547055 @default.
- W3125108114 hasConceptScore W3125108114C556758197 @default.
- W3125108114 hasConceptScore W3125108114C70455891 @default.
- W3125108114 hasLocation W31251081141 @default.
- W3125108114 hasLocation W31251081142 @default.
- W3125108114 hasLocation W31251081143 @default.
- W3125108114 hasLocation W31251081144 @default.
- W3125108114 hasOpenAccess W3125108114 @default.
- W3125108114 hasPrimaryLocation W31251081141 @default.
- W3125108114 hasRelatedWork W1495873603 @default.
- W3125108114 hasRelatedWork W1539223852 @default.
- W3125108114 hasRelatedWork W2011832455 @default.
- W3125108114 hasRelatedWork W2097978788 @default.
- W3125108114 hasRelatedWork W2183096855 @default.
- W3125108114 hasRelatedWork W2266675131 @default.
- W3125108114 hasRelatedWork W2896590484 @default.
- W3125108114 hasRelatedWork W3031291731 @default.
- W3125108114 hasRelatedWork W3125507918 @default.
- W3125108114 hasRelatedWork W4220916611 @default.
- W3125108114 isParatext "false" @default.
- W3125108114 isRetracted "false" @default.
- W3125108114 magId "3125108114" @default.
- W3125108114 workType "article" @default.