Formation of a competitive status of currency under global integration conditions

Authors

  • Тетяна Станіславівна Шемет Kyiv National Economic University named after Vadym Hetman, 54/1, pr. Peremogy, Kyiv, Ukraine, 03680, Ukraine https://orcid.org/0000-0001-5965-180X

DOI:

https://doi.org/10.15587/2312-8372.2014.25400

Keywords:

global monetary integration, currency competition, international currency, single global currency

Abstract

This paper presents a theoretical analysis of forming a single global currency status in the context of currency competition. In the author’s opinion, the relevance of researches in this field is justified by intensifying not only regional but also global integration processes, which requires the scientific substantiation of the ways of forming a single currency as a key instrument of global monetary integration. It was concluded that the transitional period of the currency consolidation, which occurs due to the regional integration processes and leads to defining several currency leaders, should be considered as a necessary prerequisite for emerging a single global currency. The specifics of implementing the strategy of the yuan internationalization and the rapid economic growth of the Chinese economy increases the yuan rate in the competition of currency leaders. The competition between the U.S. dollar, the euro and the Chinese yuan as global monetary potential leaders is the engine of forming a single global currency. 

Author Biography

Тетяна Станіславівна Шемет, Kyiv National Economic University named after Vadym Hetman, 54/1, pr. Peremogy, Kyiv, Ukraine, 03680

PhD, Associate Professor

Department of banking

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Published

2014-06-26

How to Cite

Шемет, Т. С. (2014). Formation of a competitive status of currency under global integration conditions. Technology Audit and Production Reserves, 3(3(17), 51–53. https://doi.org/10.15587/2312-8372.2014.25400

Issue

Vol. 3 No. 3(17) (2014): Economy of enterprise

Section

Economy of enterprise

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Copyright (c) 2016 Тетяна Станіславівна Шемет

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