Currency Competition: Currency Internationalization Potential Assessment Using Fuzzy Logic Approach

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F70883521%3A28120%2F21%3A63532858" target="_blank" >RIV/70883521:28120/21:63532858 - isvavai.cz</a>

Result on the web

<a href="https://editorial.upce.cz/1804-8048/29/3/1374" target="_blank" >https://editorial.upce.cz/1804-8048/29/3/1374</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.46585/SP29031374" target="_blank" >10.46585/SP29031374</a>

Result language

angličtina

Original language name

Currency Competition: Currency Internationalization Potential Assessment Using Fuzzy Logic Approach

Original language description

Frequently noted inadequately explored connections between currency internationalization and expected change in the polarity of the international monetary system in the international relations literature are commanding the renewed attention and vigorous debate for more international monetary arena studies. This paper examines the potential of competing currencies to internationalize. For the first time, we utilize a fuzzy logic-based multi-dimensional model assessing separately the internationalization potential of 14 competing currencies in 2020 to predict whether the international monetary system is likely to remain unipolar and US dollar based, or evolve into a multipolar international monetary arena. The results suggest comparable levels of currency internationalization exist, indicating that the international monetary system may be further shaped into a more competitive (multipolar) monetary environment, controlling for economic, convertibility, monetary stability, political and legal factors. Finally, our results have policy implications since determined currency internationalization potential levels may facilitate economists and policymakers better understanding which currencies may play an increasingly large role in becoming a dominant international currency in the international monetary system.

Czech name

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Czech description

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Type

J_SC - Article in a specialist periodical, which is included in the SCOPUS database

CEP classification

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OECD FORD branch

50206 - Finance

Project

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Continuities

N - Vyzkumna aktivita podporovana z neverejnych zdroju

Publication year

2021

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Scientific Papers of the University of Pardubice. Series D. Faculty of Economics and Administration

ISSN

1211-555X

e-ISSN

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Volume of the periodical

29

Issue of the periodical within the volume

3

Country of publishing house

CZ - CZECH REPUBLIC

Number of pages

14

Pages from-to

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UT code for WoS article

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EID of the result in the Scopus database

2-s2.0-85121616955