1. Three Ideas to Improve the International Role of the ECB
- Author:
- Shahin Vallée and Daniela Gabor
- Publication Date:
- 02-2021
- Content Type:
- Commentary and Analysis
- Institution:
- German Council on Foreign Relations (DGAP)
- Abstract:
- The ECB has been forced – in part by the COVID-19 crisis – to review its bilateral arrangements with foreign central banks. But the recent changes made by the ECB fall short of the European Commission’s ambitions to boost the international role of the euro. We suggest the ECB should put in place an alternative three-pillar framework to improve the international role of the ECB and cement its pivotal role in the international financial system.
- Topic:
- European Union, Banks, International System, and European Commission
- Political Geography:
- Europe