Currency Internationalization
- Currency Internationalization
- The widespread use of a currency outside the original country in which it was created for the purposes of conducting transactions between sovereign states. The level of currency internationalization for a currency is determined by the demand other countries have for that currency. This depends on the amount of business that is performed between the countries and/or the perceived value of the currency as a good store of value.
From the 1970s onward, the currency with the highest amount of currency internationalization was the U.S. dollar.
Billions (if not trillions) of U.S. dollar reserves are held in Asian countries (such as Japan or China), which has caused the U.S. dollar to rise in value in recent years. However, there are concerns as to what would happen if some other currency (such as the euro) gained higher rates of currency internationalization. Some believe that the resulting flood of U.S. dollars could dramatically decrease the value of the dollar and take away America's title as the world's strongest economy.
Investment dictionary.
Academic.
2012.
Look at other dictionaries:
Internationalization and localization — For the term in economics, see Internationalization. For Windows specified term, see Multilingual User Interface. For other uses, see Localization (disambiguation). Screenshot of software programs localized to Italian. In computing,… … Wikipedia
HISTORICAL SURVEY: THE STATE AND ITS ANTECEDENTS (1880–2006) — Introduction It took the new Jewish nation about 70 years to emerge as the State of Israel. The immediate stimulus that initiated the modern return to Zion was the disappointment, in the last quarter of the 19th century, of the expectation that… … Encyclopedia of Judaism
Economic Affairs — ▪ 2006 Introduction In 2005 rising U.S. deficits, tight monetary policies, and higher oil prices triggered by hurricane damage in the Gulf of Mexico were moderating influences on the world economy and on U.S. stock markets, but some other… … Universalium
Netherlands, The — officially Kingdom of The Netherlands byname Holland Country, northwestern Europe. Area: 16,033 sq mi (41,526 sq km). Population (2002 est.): 16,142,000. Capital: Amsterdam; Seat of Government: The Hague. Most of the people are Dutch. Languages:… … Universalium
Spain — /spayn/, n. a kingdom in SW Europe. Including the Balearic and Canary islands, 39,244,195; 194,988 sq. mi. (505,019 sq. km). Cap.: Madrid. Spanish, España. * * * Spain Introduction Spain Background: Spain s powerful world empire of the 16th and… … Universalium
History of banking — The first banks were the merchants of the ancient world that made loans to farmers and traders that carried goods between cities. The first records of such activity dates back to around 2000 BC in Assyria and Babylonia. Later, in ancient Greece… … Wikipedia
Moscow gold — Northern façade of the building of the Bank of Spain in Madrid. Most of the gold reserves held inside until 1936 were sent to the Soviet Union during the Spanish Civil War. The term Moscow Gold (Spanish: Oro de Moscú), or alternatively, Gold of… … Wikipedia
Bi-directional text — is text containing text in both text directionalities, both right to left (RTL) and left to right (LTR). It generally involves text containing different types of alphabets, but may also refer to boustrophedon, which is changing text… … Wikipedia
Bretton Woods system — The Bretton Woods system of monetary management established the rules for commercial and financial relations among the world s major industrial states. The Bretton Woods system was the first example of a fully negotiated monetary order intended… … Wikipedia
Code page 437 — Code page 437, as rendered by the IBM PC using a VGA adapter. IBM PC or MS DOS code page 437, often abbreviated CP437 and also known as DOS US, OEM US or sometimes misleadingly referred to as the OEM font, High ASCII or Extended ASCII,[1][2] is… … Wikipedia
