Euro's Internationalization Revolutionizes Global Financial Markets and Trade Patterns.
This report explores the costs and benefits of having a currency used internationally. It looks at how the euro becoming more widely used affects financial markets and private credit. The report also discusses the advantages of having an international currency, such as increased profits from money creation and changes in trade patterns. It shows that the euro's global role can impact portfolio returns and exchange rate stability. Additionally, it examines how the euro's status affects central banks' reserve holdings and domestic money demand.