2014 | 48 | 1 |
Article title

Znaczenie i perspektywy euro w funkcji waluty rezerwowej

Title variants
Languages of publication
Artykuł nie zawiera abstraktu w języku polskim
The subject of this study is an appraisal of the euro position as a reserve currency. The analysis includes: motives for reserve accumulation from a theoretical point of view, optimization criteria of the world currency reserves' level and structure, perspectives of the euro as a reserve currency depending on three scenarios of changes in the international monetary system. 
Physical description
  • Angeloni I. et al., Global Currencies for Tomorrow: a European Perspective, “Bruegel Blueprint Series” 2011, vol. XIII.
  • Beck R., Weber S., Should Larger Reserve Holdings Be More Diversified?, “ECB Working Paper Series” May 2010, no. 1193.
  • Ben-Bassat A., Gottlieb D., Optimal International Reserves and Sovereign Risk, “Journal of International Economics” November 1992, vol. 33, no. 3–4.
  • Bilski J., Międzynarodowy system walutowy, PWE, Warszawa 2006.
  • Borowiec J., Unia ekonomiczna i monetarna. Historia, podstawy teoretyczne, polityka, Wydawnictwo Akademii Ekonomicznej we Wrocławiu, Wrocław 2001.
  • European Central Bank, The International Role of the Euro, July 2008.
  • European Commission, EMU after five years, “European Economy. Special Report” 2004, no 1.
  • Heller H.R., Optimal International Reserves, “The Economic Journal” 1966, vol. 76, no. 302.
  • IMF, 2013, Currency Composition of Official Foreign Exchange Reserves (COFER), (dostęp: 02.10.2013).
  • Jeanne O., Ranciere R., The Optimal Level of International Reserves for Emerging Market Countries: A New Formula and Some Applications, “The Economic Journal”, no. 121, September 2011.
  • Kąkol M., Mucha-Leszko B., Znaczenie euro jako waluty światowej, [w:] Mucha-Leszko B. (red.), Współczesna gospodarka światowa, Wyd. UMCS, Lublin 2005.
  • Krugman P.R., Obstfeld M., International Economics. Theory and Policy, Scott, Foresman and Company 1988.
  • Małecki W., Sławiński A., Piasecki R., Żuławska U., Kryzysy walutowe, Wyd. Naukowe PWN, Warszawa 2001.
  • Morris S., Shin H.S., Unique Equilibrium in a Model of Self-fulfilling Currency Attacks, “The American Economic Review” 1998, vol. 88, no. 3.
  • Mucha-Leszko B., Kąkol M., Perspektywy euro jako waluty międzynarodowej, „Studia Ekonomiczne”, UE Katowice 2013.
  • Obstfeld M., Models of Currency Crisis with Self-fulfilling Features, “European Economic Review” April 1996, vol. 40, no. 3–5.
  • Obstfeld M., Shambaugh J.C., Taylor A.M., Financial Stability, the Trilemma, and International Reserves, “NBER Working Paper” August 2008, no. 14217.
  • Olivera J.H.G., A Note on the Optimal Rate of Growth of International Reserves, “The Journal of Political Economy” 1969, vol. 77, no. 2.
  • World Gold Council, Central bank diversification strategies: Rebalancing from the dollar and euro, Thomson Reuters, London 2013.
Document Type
Publication order reference
YADDA identifier
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.