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2. Increasing the International Role of the Euro: A Long Way to Go
- Author:
- Marek Dabrowski
- Publication Date:
- 08-2020
- Content Type:
- Special Report
- Institution:
- Center for Social and Economic Research - CASE
- Abstract:
- The euro is the second most important global currency after the US dollar. However, its international role has not increased since its inception in 1999. The private sector prefers using the US dollar rather than the euro because the financial market for US dollar-denominated assets is larger and deeper; network externalities and inertia also play a role. Increasing the attractiveness of the euro outside the euro area requires, among others, a proactive role for the European Central Bank and completing the Banking Union and Capital Market Union.
- Topic:
- European Union, Economic growth, Central Bank, Currency, and Trade
- Political Geography:
- Europe
3. The Economic and Monetary Union: Past, Present and Future
- Author:
- Marek Dabrowski
- Publication Date:
- 03-2019
- Content Type:
- Special Report
- Institution:
- Center for Social and Economic Research - CASE
- Abstract:
- Twenty years of euro history confirms the euro’s stability and position as the second global currency. It also enjoys the support of majority of the euro area population and is seen as a good thing for the European Union. The European Central Bank has been successful in keeping inflation at a low level. However, the European debt and financial crisis in the 2010s created a need for deep institutional reform and this task remains unfinished.
- Topic:
- Monetary Policy, European Union, Economy, Economic growth, Fiscal Policy, and Currency
- Political Geography:
- Europe, Poland, and European Union