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Federal Reserve Bank of Dallas
Speeches and Essays
The extended importance of the euro
Richard W. Fisher
Abstract

Remarks before the European Banking Congress, Frankfurt am Main, Germany, November 17, 2006 ; "While the ECB has delivered a currency that retains its purchasing power at least as well as the dollar, there are at least three reasons why the euro is unlikely to displace the dollar as the dominant international currency in the near term. First, the growth prospects of the euro area. Second, the uniqueness of EMU. Third, the benefits of incumbency."


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Richard W. Fisher, The extended importance of the euro, Federal Reserve Bank of Dallas, Speeches and Essays 58, 2006.
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Keywords: Euro ; Dollar; American ; Monetary unions - European Union countries ; Monetary policy ; International finance
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