Economic Influence of Currency Blocs—Robustness Analysis 1/
(Measured by the relative influence of reserve currencies, average 2011-2015, in percent of global GDP-PPP)
|Baseline||Baseline excluding reserve issuing countries||Robustness Analysis 2/|
|Alternative numeraire||Additional reserve currencies 3/||Wider set of reference currencies for the RMB||Additional controls|
For a decription of the robustness analysis see text.
Sum does not add to one as other reserve currencies are included in the estimation.