Economics, Econometrics and Finance
4 years ago

Euro Struggles to Challenge Dollar Dominance in Global Markets.

1 view
SSRN Electronic Journal
Increasing the International Role of the Euro: A Long Way to Go
Marek Dąbrowski

Paper Summary

The euro is the second most important global currency, but it's not used as much as the US dollar. People prefer the dollar because its financial market is bigger. To make the euro more popular, the European Central Bank needs to take action and finish the Banking Union and Capital Market Union.

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