INTERNATIONALISATION OF CURRENCY: THE CASE OF THE INDIAN RUPEE AND CHINESE RENMINBI The paper concludes that it is quite unlikely that dollar will lose its predominance as global reserve currency in the foreseeable future. However, whether the Renminbi realises its potential as an international currenc...
There has been a long-term trend toward currency diversification in global financial transactions and trade, but we don't see the U.S. dollar losing its dominance any time soon.
SustainabilityandAdjustment MenzieChinnandJeffreyA.Frankel Editedby RichardH.Clarida TheUniversityofChicagoPress ChicagoandLondon('Z-G'o-"1-) Mightthedollarloseitsstatusasunrivaledinternationalreservecurrency? Coulditbe"goingthewayofsterling,theguilder,theducatandthe bezant"(Kindleberger1995,6)?Someauthorsarg...
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the process beyond some minimum level. Remember that one of the reasons sterling never achieved the dominance that the dollar has today is that the French and the Germans, not to mention some other European powers, actively undermined its role in favor of their own currencies. I don’t see ...
a美元会继续贬值,会丧失公信力,影响其霸主地位,但目前其世界主流货币的地位不会动摇; US dollar can continue to depreciate, can lose the male letter strength, affects its hegemonic position, but the present its world mainstream currency status cannot vacillate;[translate]...
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If the exchange rate with the dollar continues to drop,___the country' s businesses will certainly lose money.A.muchB.much ofC.manyD.many of
However, the Bitcoin stock price couldn’t sustain these remarkable highs and immediately plummeted, entering a sustained bear phase that saw the coin lose 50% of its value. After a brief hiatus, the second leg of this bear phase commenced, causing BTC’s price to drop to the $18,000 reg...