Remsperger, Hermann; Winkler, Adalbert - In: Perspektiven der Wirtschaftspolitik 10 (2009) 1, pp. 21-38
This article analyses the impact of the exchange rate on the role of dollar and euro as international currencies. It is found that exchange rate fluctuations are a major determinant of the international role of currencies only if they reflect sizeable inflation differentials. Accordingly, major...
