Internationalisation of Emerging Market Currencies

16 Pages Posted: 7 Oct 2014

See all articles by Guonan Ma

Guonan Ma

Bruegel

Agustin Villar

Bank for International Settlements (BIS)

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

Ma, Guonan and Villar, Agustin, Internationalisation of Emerging Market Currencies (August 2014). BIS Paper No. 78d, Available at SSRN: https://ssrn.com/abstract=2498136

Guonan Ma (Contact Author)

Bruegel ( email )

Rue de la Charité 33
B-1210 Brussels Belgium, 1210
Belgium

Agustin Villar

Bank for International Settlements (BIS) ( email )

Centralbahnplatz 2
Basel, Basel-Stadt 4002
Switzerland

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