What is the extent of currency diversification in the international monetary system? How has it evolved over time? In this paper, we quantify the degree of curr

The past twenty years have seen two waves of research on currency unions, prompted by the early experience of the European Economic and Monetary Union and by th

The next financial collapse will resemble nothing in history. . . . Deciding upon the best course to follow will require comprehending a minefield of risks, whi

This volume explores East Asia's macroeconomic experience in the 1980s and the economic impact of East Asia's growth on the rest of the world. The authors explo

The IMF Working Papers series is designed to make IMF staff research available to a wide audience. Almost 300 Working Papers are released each year, covering a