US Dollar and Euro as Global Currencies

Nakonieczna-Kisiel Halina
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Nakonieczna-Kisiel Halina: Faculty of Economics and Management, University of Szczecin, Mickiewicza 64, 71-101 Szczecin

Folia Oeconomica Stetinensia, 2009, vol. 8, issue 1, 154-167

Abstract: The paper is aimed at presenting the extent to which dollar and euro fulfil particular functions of world money. At the beginning, the author presents theoretical discussion about functions that money should perform in order to be universally used by foreign entities in trade and international finance. Then, the degree to which dollar and euro functioned as world money in the period 1999 - 2007 is subject to verification. Finally, dollar and euro prospects for becoming international currencies are discussed.

Keywords: world money; functions of world money; dollar; euro; measure of value; currency; means of accumulation; world money; functions of world money; dollar; euro; measure of value; currency; means of accumulation (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:foeste:v:8:y:2009:i:1:p:154-167:n:6

DOI: 10.2478/v10031-009-0018-2

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