
International Currencies and Endogenous Enforcement : An Empirical Analysis »
Journal Issue
Volume/Issue: 1997/29
Series: IMF Working Papers
Author(s): Roohi Prem
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 March 1997
DOI: http://dx.doi.org/10.5089/9781451844764.001
ISBN: 9781451844764
Keywords: Enforcement, equation, statistics, bond, bond issues, international bond issues
This paper investigates the determinants of the international role of a currency. It argues that standard determinants such as monetary performance and financial openness are at best imperfect indicators of a curre...