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  • The concept of the global roles of currencies combines the domestic and international use of currencies and therefore captures the overall importance of different currencies in a globalized economy. The measure of a currency’s global role is based on the size and stage of development of the underlying economy, as well as the size and stage of development of its financial markets and the scope of financial instruments available in this currency. The quantitative results show, that the dollar is still the dominant global currency, followed by the euro. However, in comparison with the measurement based on the international debt market the yen and pound sterling switched ranks and a slightly larger global role is attributed to the yen.
  • The concept of the global roles of currencies combines the domestic and international use of currencies and therefore captures the overall importance of different currencies in a globalized economy. The measure of a currency’s global role is based on the size and stage of development of the underlying economy, as well as the size and stage of development of its financial markets and the scope of financial instruments available in this currency. The quantitative results show, that the dollar is still the dominant global currency, followed by the euro. However, in comparison with the measurement based on the international debt market the yen and pound sterling switched ranks and a slightly larger global role is attributed to the yen. (en)
Title
  • The Roles of Currencies in the Process of World Economy Globalization
  • The Roles of Currencies in the Process of World Economy Globalization (en)
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  • The Roles of Currencies in the Process of World Economy Globalization
  • The Roles of Currencies in the Process of World Economy Globalization (en)
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  • RIV/46747885:24310/09:#0000170!RIV10-GA0-24310___
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  • globalization; integration; international currency; international market; monetary functions (en)
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  • Proceedings of the 9th International Conference Liberec Economic Forum 2009
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  • Bednářová, Pavla
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  • Technická univerzita v Liberci
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  • 9788073725235
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  • 24310
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