Fratianni, Michele; Hauskrecht, Andreas; Maccario, Aurelio - In: Open Economies Review 9 (1998) 1, pp. 467-492
The paper's thesis is that the US dollar, despite the inevitable erosion of market share that it will suffer at the hands of the euro, will remain the most important international currency. The transaction domain of an international currency depends on its ability to lower transaction costs...
