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Federal Reserve Bank of Cleveland
Speech
The internationalization of national currencies, speech at the Comenius European Banking and Financial Forum, Czech National Bank, Prague, Czech Republic, March 27, 2007
Sandra Pianalto
President Pianalto discusses the characteristics of international reserve currencies and the benefits that a country - or a region such as the Eurozone - can enjoy if its currency fulfills that role. She concludes with comments on why global currency competition provides an incentive for central banks to pursue and preserve price stability.

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Bibliographic information
Sandra Pianalto, "The internationalization of national currencies, speech at the Comenius European Banking and Financial Forum, Czech National Bank, Prague, Czech Republic, March 27, 2007", Speech, Federal Reserve Bank of Cleveland, issue Mar 27, 2007.
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Keywords: Bank reserves ; Dollar; American ; Euro
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