Regional Euro: “Creative, Ambitious, but Trapped”

Jingyi Wang ()
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Jingyi Wang: Social Sciences Academic Press (China)

Chapter Chapter 4 in The Past and Future of International Monetary System, 2016, pp 35-49 from Springer

Abstract: Abstract From its very beginning, the euro has been an important international currency and is bound to become even more so in the future. In other words, the creation of the euro had been regarded as a creative challenger to the international dollar standard, which was full of ambitions. There were some reasons by that time: the European Monetary Union (EMU) was almost as huge an economic and trading unit as the U.S.; it had a large, well-developed and growing financial market, which was increasingly free and was expected to have a good inflation performance that will keep the value of the euro stable.

Keywords: Monetary Policy; Euro Area; Money Supply; European Central Bank; Credit Default Swap (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:spr:spbchp:978-981-10-0164-2_4

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DOI: 10.1007/978-981-10-0164-2_4

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