A Driver Currency Hypothesis
Posted: 4 Dec 2013
Date Written: January 1, 2013
Abstract
We put forward a driver currency hypothesis in this study. The driver currency effect arises from the anchoring of a large currency to another large currency. We examine this driver currency effect empirically. Our results are supportive and indicate the presence of driver currencies.
Keywords: Exchange rate, Driver currency, Anchor currency
JEL Classification: F3
Suggested Citation: Suggested Citation
Wang, Peijie, A Driver Currency Hypothesis (January 1, 2013). Economics Letters, Vol. 118, No. 1, 2013, Available at SSRN: https://ssrn.com/abstract=2362796
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