Le rôle international de l'euro une mise en perspective

Christian de Boissieu

Revue d'économie politique, 2005, vol. 115, issue 5, 613-631

Abstract: The purpose of this article is to assess and explain the international role of the euro. Since 1999, the euro has become the second international reserve currency (well behind the dollar), but its record varies according to the function which is fulfilled. The article focuses on currency competition in light of the market shares of the major currencies and their dynamic path and it elaborates on the foundations of a qualitative theory of money. It also relates currency competition to the competition among the major financial markets and centers.

Keywords: aggregation effect; currency competition; currency concentration; diversification; domestic bias; foreign exchange reserves; inertia effect; trade invoicing; qualitative theory of money (search for similar items in EconPapers)
Date: 2005
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