Potentialities and opportunities of the Euro as an international currency
The possible emergence of the Euro as an international currency has often been underlined as a by-product of European monetary unification. This report deals with such a possibility both from a positive and from a normative point of view. In the first section, we take a brief look at recent figures on the use of international currencies in their various functions. It is shown that the dollar today remains the most important international currency. Currency diversification has taken place since 1973, but at a slow pace...
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