Economics, Econometrics and Finance
8 years ago

Euro gaining ground as global reserve currency, challenging dollar dominance.

1 view
The international role of the Euro
Anne Sibert

Paper Summary

The Euro is becoming more important as a reserve currency, but the US Dollar is still the top choice for global transactions. The Euro is used in some transactions in new EU countries, but the Dollar remains dominant overall. The Euro is likely to stay as a reserve currency, but it won't replace the Dollar as the main currency for global trade anytime soon.

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