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Regional Euro: “Creative, Ambitious, but Trapped”

In: The Past and Future of International Monetary System

Author

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  • Jingyi Wang

    (Social Sciences Academic Press (China))

Abstract

From its very beginning, the euro has been an important international currency and is bound to become even more so in the future. In other words, the creation of the euro had been regarded as a creative challenger to the international dollar standard, which was full of ambitions. There were some reasons by that time: the European Monetary Union (EMU) was almost as huge an economic and trading unit as the U.S.; it had a large, well-developed and growing financial market, which was increasingly free and was expected to have a good inflation performance that will keep the value of the euro stable.

Suggested Citation

  • Jingyi Wang, 2016. "Regional Euro: “Creative, Ambitious, but Trapped”," SpringerBriefs in Economics, in: The Past and Future of International Monetary System, edition 1, chapter 0, pages 35-49, Springer.
    • Handle: RePEc:spr:spbchp:978-981-10-0164-2_4
    DOI: 10.1007/978-981-10-0164-2_4
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