Staff Discussion Notes

Internationalization of Emerging Market Currencies: A Balance Between Risks and Rewards

ByFaisal Ahmed, Shengzu Wang, . Isabelle Mateos y Lago, Samar Maziad, Stephanie Segal, Pascal Farahmand, Udaibir S Das

October 19, 2011

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Faisal Ahmed, Shengzu Wang, . Isabelle Mateos y Lago, Samar Maziad, Stephanie Segal, Pascal Farahmand, and Udaibir S Das. "Internationalization of Emerging Market Currencies: A Balance Between Risks and Rewards", Staff Discussion Notes 2011, 017 (2011), accessed 12/19/2025, https://doi.org/10.5089/9781463926526.006

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Disclaimer: This Staff Discussion Note represents the views of the authors and does not necessarily represent IMF views or IMF policy. The views expressed herein should be attributed to the authors and not to the IMF, its Executive Board, or its management. Staff Discussion Notes are published to elicit comments and to further debate.

Summary

Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief and written in nontechnical language, and so are aimed at a broad audience interested in economic policy issues. This Web-only series replaced Staff Position Notes in January 2011.

Subject: Central banks, Currencies, Currency markets, Emerging and frontier financial markets, Financial markets, International monetary system, International reserves, Money

Keywords: Currencies, currency, Currency internationalization, Currency markets, dollar, EM currencies securities, EM currency, Emerging and frontier financial markets, emerging markets, Global, international monetary system, International reserves, market, risk diversification, SDN, Singapore dollar, unit of account

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