Working Paper

The role of the euro as an international currency

Abstract: The creation of the euro will link an economy that is nearly as large and as open as the United States. Does this imply that the euro will rival the role of the dollar as an international currency? This paper addresses this question through an examination of the determinants of the use of an international currency. It examines both the prospects of the euro becoming an international currency and the implications for the European Union and the United States.

Keywords: European currency unit; European Monetary System (Organization);

Status: Published in Columbia Journal of International Law, Spring 1998

Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Part of Series: Working Papers

Publication Date: 1997

Number: 1997-021