Your browser does not support JavaScript!

The Evolution and Perspectives of the Euro’s International Role

newdigital The Evolution and Perspectives of the Euro’s International Role
Article
journal RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI
issue RIVISTA INTERNAZIONALE DI SCIENZE SOCIALI - 2018 - 4. An Issue in Honour of Giacomo Vaciago
title The Evolution and Perspectives of the Euro’s International Role
authors
publisher Vita e Pensiero
format Article | Pdf
online since 05-2019
doi 10.26350/000518_000021
issn 0035-676X (print) | 1827-7918 (digital)
€ 6.00

Ebook format Pdf readable on these devices:

In its start-up phase, many scholars argued that the euro would join or replace the dollar as an international currency. The use of the European currency in foreign trade and as a reserve currency, after rising significantly until 2007, has decreased considerably since the global financial crisis. The main reason for this decline is that, in recent crises, the euro area financial market appeared to be extremely fragmented. This reduced the liquidity of assets denominated in euros. One of the prerequisites for a currency to become an international currency was lacking.

keywords

Euro, US dollar, International currency, Financial market integration.

Authors biography

pittagb@unige.it; giuseppe.mastromatteo@unicatt.it.