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.
Status: Published in Columbia Journal of International Law, Spring 1998
File(s): File format is application/pdf http://research.stlouisfed.org/wp/more/1997-021
Provider: Federal Reserve Bank of St. Louis
Part of Series: Working Papers
Publication Date: 1997