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The international monetary system is changing- what opportunities and risks for the euro?

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  • Ignazio Angeloni
  • André Sapir

Abstract

After a thirty-year pause, discussions on the future of the international monetary system (IMS) have restarted. This is partly due to the fact that the IMS has facilitated, or at least not prevented, the economic and financial imbalances that led to the recent crisis.This paper argues that the international position of the US dollar is likely to erode in the coming years, though the speed of the process is uncertain....

Suggested Citation

  • Ignazio Angeloni & André Sapir, 2011. "The international monetary system is changing- what opportunities and risks for the euro?," Bruegel Working Papers 632, Bruegel.
    • Handle: RePEc:bre:wpaper:632
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    Cited by:

    1. Tomasz Brodzicki, 2012. "On optimality or non-optimality of the eurozone," Working Papers of Economics of European Integration Division 1201, The Univeristy of Gdansk, Faculty of Economics, Economics of European Integration Division.
    2. He, Qing & Liu, Junyi & Yu, Jishuang, 2023. "Dancing with dragon: The RMB and developing economies’ currencies," Research in International Business and Finance, Elsevier, vol. 64(C).

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