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The role of the euro as an international currency

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  • Patricia S. Pollard

Abstract

The creation of the euro will link an economy that is nearly as large and as open as the United States. Does this imply that the euro will rival the role of the dollar as an international currency? This paper addresses this question through an examination of the determinants of the use of an international currency. It examines both the prospects of the euro becoming an international currency and the implications for the European Union and the United States.

Suggested Citation

  • Patricia S. Pollard, 1997. "The role of the euro as an international currency," Working Papers 1997-021, Federal Reserve Bank of St. Louis.
    • Handle: RePEc:fip:fedlwp:1997-021
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    References listed on IDEAS

    as
    1. Karen H. Johnson, 1994. "International dimension of European Monetary Union: implications for the dollar," International Finance Discussion Papers 469, Board of Governors of the Federal Reserve System (U.S.).
    2. Mr. Paul R Masson & Mr. Bart Turtelboom, 1997. "Characteristics of the Euro, the Demand for Reserves, and Policy Coordination Under EMU," IMF Working Papers 1997/058, International Monetary Fund.
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    Cited by:

    1. Ayako Saiki, 2005. "Asymmetric Effect of Currency Union for Developing Countries," Open Economies Review, Springer, vol. 16(3), pages 227-247, July.
    2. Kaikati, Jack G., 1999. "The Euro versus the U.S. dollar: an overview," Journal of World Business, Elsevier, vol. 34(2), pages 171-192, July.

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