dollar and euro over the period 1999-2004. Whether the euro might in the future rival or surpass the dollar as the world …: the euro. This paper econometrically estimates determinants of the shares of major currencies in the reserve holdings of … the world's central banks. Significant factors include: size of the home country, inflation rate (or lagged depreciation …

estimate a weight on the preceding year's currency share around .9). The advent of the euro …euro. This paper econometrically estimates determinants of the shares of major currencies in the …gap between the dollar and euro over the period 1999-2004. Whether the euro might in the future …

dollar and euro over the period 1999-2004. Whether the euro might in the future rival or surpass the dollar as the world …: the euro. This paper econometrically estimates determinants of the shares of major currencies in the reserve holdings of … the world's central banks. Significant factors include: size of the home country, inflation rate (or lagged depreciation …

Monetary rivalry is a fact of life in the world economy. Intense competition between international currencies like the … US dollar, Europe's euro, and the Chinese yuan is profoundly political, going to the heart of the global balance of power … the United States, Europe, and China? Popular opinion holds that the days of the dollar, long the world's dominant …