Modern structural shifts in the international usage of currencies
Economic Annals-XXI: Volume 125, Issue 1-2(1), Pages: 66-69
Citation information:
Shemet, T. (2013). Modern structural shifts in the international usage of currencies. Economic Annals-XXI, 1-2(1), 66-69. https://ea21journal.world/index.php/ea-v125-18/
Tetyana Shemet
PhD (Economics),
Associate Professor,
D.Sc. Degree Seeker (Economics),
Kyiv National Economic University named after Vadym Hetman, Ukraine
tshemet@gmail.com
Modern structural shifts in the international usage of currencies
Abstract. In the paper the author analyzes the changes in the structure of currencies international usage. She substantiates the growing role of emerging markets currencies in the world economy and the prospects for change in the currencies’ status of BRICS from national to international.
Keywords: International Usage of Currency; International Currency; Emerging Markets Currencies; BRICS
JEL Classification: F01; F31; F39
References
- IMF (2011). Internationalization of Emerging Market Currencies: A Balance between Risks and Rewards / [Samar Maziad, Pascal Farahmand, Shengzu Wang, ets.] // IMF Staff Discussion Note. – 2011. – October 19. – 25 p.
- Goldberg, L. S. (2008).Vehicle Currency Use in International Trade / Linda S. Goldberg, Cedric Tille // Journal of International Economics. – 2008. – Vol. 76. – No. 2. – P. 177-192.
- Wu, F. (2010). Renminbi’s Potential to Become a Global Currency / Friedrich Wu, Rongfang Pan, and Di Wang // China & World Economy. – 2010. – Vol. 18. – No. 1. – P. 63-81.
- IMF (2011). Internationalization of Emerging Market Currencies: A Balance between Risks and Rewards / [Samar Maziad, Pascal Farahmand, Shengzu Wang, ets.] // IMF Staff Discussion Note. – 2011. – October 19. – 25 p.
- IMF (2011). Internationalization of Emerging Market Currencies: A Balance between Risks and Rewards / [Samar Maziad, Pascal Farahmand, Shengzu Wang, ets.] // IMF Staff Discussion Note. – 2011. – October 19. – 25 p.
- Cohen, B. (2000). The Life on the Top: International Currencies in the Twenty-First Сentury / B. Cohen // Essays in International Economics. – 2000. – No. 221. – 36 p.
- Genberg, H. (2009). Сurrency Internationalization: Analytical and Policy Issues / Hans Genberg // Hong Kong Institute for Monetary Research Working Paper. – 2009. – No. 31. – 15 p.
- Eichengreen, B. (2008). The Rise and Fall of the Dollar, or When Did the Dollar Replace Sterling as the Leading International Currency? [Electronic resource] / Barry Eichengreen, and Marc Flandreau // NBER Working Papers. – 2008. – No. 14154. –
Retrieved from http://www.nber.org/papers/w14154 - Tavlas, G. (1992). The Internationalization of Currencies: An Appraisal of the Japanese Yen / George Tavlas and Yuzur Ozeki // IMF Occasional Paper. – 1992. – No. 90. – 63 p.
- Dwyer, Jr. P. (2003). The Economics of International Monies / Jr. P. Dwyer, and Lothian James R. // CRIF Working Paper series. – 2003. – Paper No. 10. – 36 p.
- Tavlas, G. (1992). The Internationalization of Currencies: An Appraisal of the Japanese Yen / George Tavlas and Yuzur Ozeki // IMF Occasional Paper. – 1992. – No. 90. – 63 p.
- Goldberg, L. S. (2008). Vehicle Currency Use in International Trade / Linda S. Goldberg, Cedric Tille // Journal of International Economics. – 2008. – Vol. 76. – No. 2. – P. 177-192.
- Ito Takatoshi, Satoshi Koibuchi, Kiyotaka Sato, & Junko Shimizu (2010). Why the Yen Failed to Become a Dominant Invoicing Currency in Asia? A Firm-Level Analysis of Japanese Exporters‘ Invoicing Behavior NBER Working Paper. – 2010. – No. 16231. – P. 38.
- IMF. (2011). Financial Deepening and International Monetary Stability [Electronic resource] / IMF // Staff Discussion Note. – 2011. – 21 p. –
Retrieved from http://www.imf.org/external/pubs/ft/sdn/2011/sdn1116.pdf - Xu, Q. A (2009). Study of Currency Internationalization: JPY and CNY / Qiyuan Xu // Chinese Academy of Social Sciences: Institute of World Economics and Politics Working Paper. – 2009. – 25 p.
- Tetsuji, M. (2000). The Internationalization of the Yen: Essential Issues Overlooked / Murase Tetsuji // Asia Pacific Economic Papers. – 2000. – No. 307. – 39 p.
- Kenen, P. B. (2009). Currency Internationalization. An Overview / Peter B. Kenen. – Princeton University, 2009. – 18 p.
- IMF. (2011). Financial Deepening and International Monetary Stability [Electronic resource] / IMF // Staff Discussion Note. – 2011. – 21 p. –
Retrieved from http://www.imf.org/external/pubs/ft/sdn/2011/sdn1116.pdf - He, D. (2010). Offshore Markets for the Domestic Currency: Monetary and Financial Stability Issues / Dong He, and Robert N. McCauley // BIS Working Paper. – 2010. – No. 320. – 32 p.
- Tetsuji, M. (2000). The Internationalization of the Yen: Essential Issues Overlooked / Murase Tetsuji // Asia Pacific Economic Papers. – 2000. – No. 307. – 39 p.
- IMF. (2007). Internationalization of the Korean Won // Country Report: Korea Selected Issues. – 2007. – No. 07/345. – 56 р. –
Retrieved from http://www.imf.org/external/pubs/ft/scr/2007/cr07345.pdf - Genberg, H. (2009). Сurrency Internationalization: Analytical and Policy Issues / Hans Genberg // Hong Kong Institute for Monetary Research Working Paper. – 2009. – No. 31. – 15 p.
- Eichengreen, B. (2008). The Rise and Fall of the Dollar, or When Did the Dollar Replace Sterling as the Leading International Currency? / Barry Eichengreen, and Marc Flandreau // NBER Working Papers. – 2008. – No. 14154. –
Retrieved from http://www.nber.org/papers/w14154 - Benassy-Quere, A. (2011). What International Monetary System for a Fast-Changing World Economy? / A. Benassy-Quere, and Jean Pisani-Ferry // Breughel Working Paper. – 2011. – 44 p.
- Tavlas, G. (1990). On the International Use of Currencies: The Case of the Deutsche Mark / George Tavlas // IMF Working Paper. – 1990. – No. 90/3. – 64 р.
- Dwyer, Jr. P. (2003). The Economics of International Monies / Jr. P. Dwyer, and Lothian James R. // CRIF Working Paper series. – 2003. – Paper No. 10. – 36 p.
- Eichengreen, B. (2010). The Federal Reserve, the Bank of England, and the Rise of the Dollar as an International Currency, 1914-39 / Barry Eichengreen, and Marc Flandreau // BIS Working Papers. – 2010. – No. 328. – 27 p. –
Retrieved from http://www.bis.org/events/conf100624/eichengreenflandreaupaper.pdf
Received 11.12.2012