Key Currencies After the Euro

Hegemonic currencies during the crisis : The dollar versus the euro in a cartalist perspective

European product market integration after the euro

Using a detailed data set of prices of consumer goods in European cities from 1990 to Spring 2003, we investigate the question of whether the introduction of the euro in January 1999 increased integration of consumer markets as reflected by consumer prices. In fact, we find no tendency for prices to converge after January 1999. This finding holds even when we control for a number of factors tha...

After the Tide: Commodity Currencies and Global Trade

The decade prior to the Great Recession saw a boom in global trade, including a rapid rise in commodity prices, trade volumes, and, consequently, in the cost of transporting goods around the world. At the same time currencies of commodityexporting currencies appreciated, boosting the carry trade profits in foreign exchange markets. The onset of the Global Recession led to a sharp reversal in al...

The US dollar , the euro , and the yen : An evaluation of their present and future status as international currencies

Correlation Networks Among Currencies

By analyzing the foreign exchange market data of various currencies, we derive a hierarchical taxonomy of currencies constructing minimal-spanning trees. Clustered structure of the currencies and the key currency in each cluster are found. The clusters match nicely with the geographical regions of corresponding countries in the world such as Asia or East Europe, the key currencies are generally...