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Why the Euro Will Rival the Dollar

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Figure

Figure 1: Reserves held by central banks as shares of total – three major currencies (revised IMF data spliced into old data after 1979, and COFER data starting 1995)
Figure 2: Currency distribution of reported foreign exchange market turnover – percentage shares of average daily turnover in April of each year (shares sum to 200%) Source: BIS (2007, p
Table 1: Economic Size of United States versus Europe
Figure 4 plots the logistic of the currency share against the size variables.
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