The aim of the paper is to present processes of currency competition in the contemporary economics. The problem is of special importance, because such a competition has recently intensified to a large degree, mainly due to significant changes in monetary systems around the world.

This article aims to analyze whether and to what extent financial integration affects the choices of exchange rate systems, made in advanced economies and emerging and developing economies. The study revealed that the process of harmonization of exchange rate systems in advanced economies and...

The purpose of this article is to analyze, whether and to what extent a global financial turmoil, initiated with the U.S. subprime crisis, can provide a stimulus towards a creation of the new international money. A reduction of the dollar’s share in the official foreign exchange reserves is...