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Many in the EU call for a stronger role of the euro in the international economic, monetary and financial system, to better reflect Europe’s important economic and political weight. Others are sceptical that this can likely be achieved: The US dollar benefits from its established leading role, and the Chinese renminbi might become a serious contender. What do the facts and analyses compiled in the latest ECB Report on the International Role of the Euro find? What impact may the COVID-19 crisis have? What does this imply for the policy agenda?
Webinar Report (pdf) – The International Role of the Euro: has COVID-19 affected the outlook?, By Ernest Gnan, Secretary General, SUERF
The International Role of the Euro, June 2020
The 19th annual review of the international role of the euro published by the ECB presents an overview of developments in the use of the euro by non-euro area residents. Continue reading …
The euro’s international role: trends, determinants and policy considerations
Hans-Joachim Klöckers and Peter McQuade, ECB Presentation (pdf)Some Remarks on the Euro’s International Role
Barry Eichengreen, University of California, Berkeley Presentation (pdf)