The euro as an international currency. Bruegel Policy Contribution Issue n˚25 | December 2018

Efstathiou, Konstantinos and Papadia, Francesco (2018) The euro as an international currency. Bruegel Policy Contribution Issue n˚25 | December 2018. [Policy Paper]

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Abstract

Two questions should be answered in relation to the international role of the euro: is a more important international role for the euro worth pursuing, and what measures would achieve this result, if it is worth pursuing? The most significant benefit for the euro area if the euro played an increased international role would be less dependence on the dollar and a reduced ability of the United States to pursue its political objectives, which are possibly inconsistent with European Union objectives.

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