Internationalisation of Emerging Market Currencies
16 Pages Posted: 7 Oct 2014
Date Written: August 2014
Abstract
This note reviews the internationalisation of emerging market (EM) currencies. It summarises various indicators and discusses some possible drivers, drawing on both historical and recent experience. The potential costs and benefits of an EM currency having international status are briefly discussed.
Full publication: The Transmission of Unconventional Monetary Policy to the Emerging Markets
Keywords: International monetary arrangements and institutions, foreign exchange, international financial markets
JEL Classification: F33, F31, G15
Suggested Citation: Suggested Citation
Ma, Guonan and Villar, Agustin, Internationalisation of Emerging Market Currencies (August 2014). BIS Paper No. 78d, Available at SSRN: https://ssrn.com/abstract=2498136
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