Global Roles of Currencies

Thimann, Christian

doi:10.1057/9780230245785_1

Cited by 10 publications

(18 citation statements)

References 15 publications

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“…These results are consistent with the low level of financial development of China. Indeed, if China has clearly demonstrated its commitment to internationalizing its currency (Cheung et al, 2011), the yuan, at present, does not have the status of international currency (Thimann, 2009). This situation is mainly a result of the insufficiency of financial openness and development.…”

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confidence: 99%

Regional integration of the East Asian stock markets: An empirical assessment

Boubakri

Guillaumin

2015

Journal of International Money and Finance

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confidence: 99%

Regional integration of the East Asian stock markets: An empirical assessment

Boubakri

Guillaumin

2015

Journal of International Money and Finance

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“…4 4 Meanwhile, Cohen (1998) classifies currencies into seven groups in accordance with the scopes of their “authoritative domains,” which combine their territorial and transactional domains. Thimann (2009) also suggests a new concept, the “global” roles of currencies. This concept encompasses both the cross‐border and the domestic uses of currencies, to reflect their overall importances in the world economy. …”

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Theories of International Currencies and the Future of the World Monetary Order1

Chey

2012

International Studies Review

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Chey, Hyoung‐kyu. (2012) Theories of International Currencies and the Future of the World Monetary Order. International Studies Review, doi: 10.1111/j.1468‐2486.2012.01104.x The international standings of currencies form a principal characteristic of the international monetary order, shaping the world economic and political system by influencing the economic and political relationships among countries. This paper provides a systematic review of the literature on international currencies, encompassing both economics and political science, with the aim of providing useful groundwork to help develop a better analytical framework for the study of international currency standing. In particular, this paper discusses the international currency concept, the benefits and costs of issuing an international currency, and the determinants of international currency standing. It also assesses conflicting prospects for the future of the US dollar as the world’s key currency, addressing the likelihoods of further internationalization of the euro and the renminbi, the dollar’s main potential rivals. It in addition calls attention to certain political economy factors as salient issues for the future study of international currency standing.

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“…The usual disclaimer applies. Thimann (2010) distinguishes between global and international currencies, where the former are currencies that play a major role in the global economy, while the latter are currencies that are used outside the constituency where they are issued. 2 .…”

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The Financial Statecraft of Emerging Powers

Armijo¹,

Katada²

2014

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The global political economy is in flux as a series of cumulative crises impacts its organization and governance. The IPE series has tracked its development in both analysis and structure over the last three decades. It has always had a concentration on the global South. Now the South increasingly challenges the North as the centre of development, also reflected in a growing number of submissions and publications on indebted Eurozone economies in Southern Europe.An indispensable resource for scholars and researchers, the series examines a variety of capitalisms and connections by focusing on emerging economies, companies and sectors, debates and policies. It informs diverse policy communities as the established trans-Atlantic North declines and 'the rest', especially the BRICS, rise.

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Global Roles of Currencies

Abstract: 4Non-technical summary 5

Cited by 10 publications

References 15 publications

Regional integration of the East Asian stock markets: An empirical assessment

Regional integration of the East Asian stock markets: An empirical assessment

Theories of International Currencies and the Future of the World Monetary Order1

The Financial Statecraft of Emerging Powers

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