Leandros, Panayota (2005): The Euro as an International Currency. Published in: SPOUDAI - Journal of Economics and Business , Vol. 76, (2005): pp. 88-93.
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Abstract
In world currency markets, the emergence of the euro has not yet changed the relative position of the old European currencies to the US dollar and the Japanese yen. This article attempts to answer whether Europeans want the euro to become an international currency, whether the euro able to occupy such a position, and if the euro could acquire international status would this then contribute to improving the stability of the international monetary system?
Item Type: | MPRA Paper |
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Original Title: | The Euro as an International Currency |
English Title: | The Euro as an International Currency |
Language: | Greek |
Keywords: | Euro |
Subjects: | E - Macroeconomics and Monetary Economics > E5 - Monetary Policy, Central Banking, and the Supply of Money and Credit > E50 - General |
Item ID: | 91393 |
Depositing User: | Dr Panayota Leandros |
Date Deposited: | 07 Apr 2020 13:50 |
Last Modified: | 07 Apr 2020 13:50 |
References: | Alphandéry, E., Journal of Financial Economics, N ° 62.2-2001. Coeuré, B., and Pisani-Ferry, J. (1999). The euro, the yen and the dollar: The case against benign neglect" IMF Conference, Washington DC March 28-29. 4. Duisenberg, W. (1999). The Past and the Future of European Integration: A Central Banker's Perspective, the Per Jacobsson Lecture, September 26, Washington DC. 11. Galati, G., and Tatsaronis, K., (2001). The impact of the euro on Europe's financial markets. BIS briefs, July. 5. In four aspects: its share in the world's foreign exchange market, narrow margins, its volatility relative to the dollar and the yen, and its role as anchor currency (Gabriele Galati and Kostas Tatsaronis, op. tit.) Gates, R. A. (2001). Monetary Union in Motion. The European experience: CEPR, No. 2954, September 2001. 8. From 1980 to 1997, the rate of gross purchases and sales of shares between residents and non-residents in relation to GNP exploded from 9 to 213 % for the United States, from 7% to 253% for Germany and from 5 to 313% for France: Kirrane, C. (1996). Maastrict and Monetary Cooperation. European Economic Integration Review, Vol. 14, p.49-59. Kirrane, C. (2003). The IMS and the Euro. European Political Economy Review No. 1 (March 2003), pp. 153-65 Kirrane, C. (2003). The Choice of Exchange Rate Regimes for EU Ascension Countries. European Political Economy Review No. 2 (Autumn 2003), pp. 188-206 Lamfalussy, A. (2000). Financial Crisis in emerging market. Yale University Press, page 69. 9. These developments are based on my participation in the AMUE Annual Meeting, London, June 2002. The euro on the international stage. Mundell, R. (2000). One world: threat to prosperity. The Wall Street Journal Europe, March 30. Portes, R.(2000). The role of the euro in the world, past developments and future prospects. RI/Bundesbank Conference, Frankfurt, 28-29 September (draft). Thygesen, N. (2000). External representation of the euro area in multinational fora. CEPS, Brussels, 25 January 2000. |
URI: | https://mpra.ub.uni-muenchen.de/id/eprint/91393 |