Figure 2 . Estimated internationalization potential using fuzzy logic model .
still has a long way to go compared to the U . S . dollar and Euro .
Conclusion
Original paper reference
In conclusion , it was found in the article that the highest potential for internationalization among currencies is currently held by the U . S . dollar . The Euro is also considered strong contender for becoming major global currencies in the future . While importance is being increasingly attributed to China ' s Renminbi in international finance , it is still lagging behind the U . S . dollar in terms of internationalization potential . The findings of this study can be utilized by policymakers in guiding discussions on the design of the international monetary system and assessing whether other currencies are making progress in terms of internationalization . The implications of this study are significant , especially in the context of sustainability . A more balanced and diversified international monetary system can contribute to global economic stability and reduce the dependence on a single dominant currency . This shift has the potential to enhance the resilience of the global economy , promote fairer competition , and facilitate sustainable development .
Future research should consider long-term trends and factors such as geopolitical tensions , the impact of the COVID-19 pandemic , and advancements in digital currencies . A comprehensive understanding of these dynamics is essential for shaping the future of the global economy .
Sadil V , Přílučíková J , Sipko J . Currency competition : Currency Internationalization potential assessment using fuzzy logic approach . Scientific Papers of the University of Pardubice ( 2021 ), Series D : Faculty of Economics and Administration https :// doi . org / 10.46585 / sp29031374
Authors biographies
Jana Přílučíková is the senior lecturer at Tomas Bata University in Zlín , and currently a co-researcher in the research project “ SUSTAINABLE HORIZONS ” supported by the EU Horizon Europe programme coordinated by the University of Algarve in Portugal . She is also a volunteer at the CFA Institute .
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