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Life at the Top: International Currencies in the 21st Century

  • Benjamín J Cohen
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    What are the prospects for today’s top international currencies in the twenty-first century? This paper explores how the future of the top currencies — the dollar, euro and yen— will be influenced by three key considerations: the logic of market competiti

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    File URL: http://www.economia.puc.cl/docs/110cohea.pdf
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    Article provided by Instituto de Economía. Pontificia Universidad Católica de Chile. in its journal Cuadernos de Economía-Latin American Journal of Economics.

    Volume (Year): 37 (2000)
    Issue (Month): 110 ()
    Pages: 9-34

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    Handle: RePEc:ioe:cuadec:v:37:y:2000:i:110:p:9-34
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    1. Alogoskoufis, G. & Portes, R. & Rey, H., 1997. "The Emergence of the Euro as an International Currency," DELTA Working Papers 97-28, DELTA (Ecole normale supérieure).
    2. Dowd, Kevin & Greenaway, David, 1993. "Currency Competition, Network Externalities and Switching Costs: Towards an Alternative View of Optimum Currency Areas," Economic Journal, Royal Economic Society, vol. 103(420), pages 1180-89, September.
    3. Roland Vaubel, 1977. "Free currency competition," Review of World Economics (Weltwirtschaftliches Archiv), Springer, vol. 113(3), pages 435-461, September.
    4. Kenneth Rogoff, 1998. "Blessing or curse? Foreign and underground demand for euro notes," Economic Policy, CEPR;CES;MSH, vol. 13(26), pages 261-303, 04.
    5. Honohan, P. & Lane, P.R., 2000. "Will the Euro Trigger More Monetary Unions in Africa?," Research Paper 176, World Institute for Development Economics Research.
    6. Richard N. Cooper, 1999. "Should Capital Controls be Banished?," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 30(1), pages 89-142.
    7. Alan S. Blinder, 1996. "The Role of the Dollar as an International Currency," Eastern Economic Journal, Eastern Economic Association, vol. 22(2), pages 127-136, Spring.
    8. Robert N. McCauley & William R. White, 1997. "The Euro and European financial markets," BIS Working Papers 41, Bank for International Settlements.
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