The Rise of the Euro as a Global Currency. Assessment of the Euros Chances of Becoming Worlds Global Currency by Olena Rabtsun The paper comprises five parts, which include both theoretical and empirical analysis. Section I introduces the notion of a global currency, its main benefits and the economic pre-requisites for gaining this status. Section II provides an overview of the existing literature on the question of the euro’s role in the global economy and its potential international dominance. Section III introduces an empirical assessment of the euro’s world-wide use, and establishes certain predictions of potential future changes. Section IV presents a case-study of the use of the euro in both public and private spheres in two EU neighbouring countries (Ukraine and Russia) – a review having no comprehensive equivalent at the moment. Section V concludes.
Posted on: Fri, 07 Mar 2014 09:00:54 +0000
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