Methods of currency internationalization analysis

Abstract

The article discusses the changes in the economic and financial fields that have occurred in the beginning of XXI century. After the 2008 crisis the competitiveness of the key reserve currencies started weakening more dramatically. Many experts predict the appearance of new international currencies in the future. That is why the need in the new systems of indicators and methods of analysis of these changes increases. This article deals with one of possible approaches to currency internationalization analysis, which is based on three groups of indicators showing the economic conditions and financial sector development of the issuing country as well as the competitiveness of the currency itself on the international level. The article contains the example of the method application. Two key reserve currencies (the US dollar, euro) and two corresponding issuing countries (the USA, Eurozone) are analyzed accordingly.