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The Euro on the global stage

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  • Klaus Regling

Abstract

:The war in Ukraine draws renewed attention to the question of whether the international monetary and financial system is moving towards a more ‘multipolar’ character. The euro has been the second most important global currency since its creation, and well-placed to help diversify the global financial architecture. This article reviews the evolution of the euro’s international role along with the evolution of the institutional architecture to support it. Previous and ongoing reforms in the European Economic and Monetary Union (EMU) can support the common currency on the international stage.

Suggested Citation

  • Klaus Regling, 2023. "The Euro on the global stage," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 39(2), pages 219-230.
  • Handle: RePEc:oup:oxford:v:39:y:2023:i:2:p:219-230.
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    File URL: http://hdl.handle.net/10.1093/oxrep/grad013
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