|
|
|
|
|
|
Author/Editor:
|
Ahmed, Faisal ; Wang, Shengzu ; Mateos y Lago, Isabelle ; Maziad, Samar ; Segal, Stephanie ; Farahmand, Pascal ; Das, Udaibir
|
|
|
|
|
|
Publication Date:
|
October 19, 2011
|
|
|
|
Electronic Access:
|
Free Full text
(PDF file size is 1,064KB).
Use the free
Adobe Acrobat Reader
to view this PDF file
|
|
|
|
Summary:
As large emerging market economies take on an increasing role in the global economy, it is useful to explore the possibility of their currencies attaining “international” status. The benefits of currency “internationalization” have to be balanced against country-specific and systemic risks which could result, for instance, from sudden portfolio shifts and reduced network externalities. In this context, the paper contributes to the debate on strengthening the IMS by surveying the evolving landscape of international currencies and examining a number of questions: What is the potential for internationalizing the use of emerging market currencies? What are the benefits/risks to emerging market economies and the system, and how can any risks be managed? And, how might emerging market currency internationalization contribute to IMS stability?
|
|
|
|
Order a print copy
|
|
|
|
|
|
Series:
|
Staff Discussion Notes No. 11/17
|
|
|
|
|
|
Subject(s):
|
Currencies | Emerging markets | International monetary system | Financial stability
|
|
|
|
|
|
|
|
|
|
|
|
English
|
|
|
|
|
|
|
Publication Date:
|
October 19, 2011
|
|
|
|
|
ISBN/ISSN:
|
9781463926526
|
|
Format:
|
Paper
|
|
Stock No:
|
SDNEA2011017
|
|
Pages:
|
26
|
|
Price:
|
|
|
|
US$20.00 )
|
|
|
|
|
|
|
|
English
|
|
|
|
|
|
|
Publication Date:
|
October 19, 2011
|
|
|
|
|
ISBN/ISSN:
|
978-1-61635-238-7 / 2221-030X
|
|
Format:
|
A web quality merged PDF
|
|
Stock No:
|
SDNET2011017
|
|
Pages:
|
26
|
|
Price:
|
|
|
|
|
|
|
|
|
|
|
|
|
Please address any questions about this title to
publications@imf.org
|
|
|
