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Global currencies for tomorrow: A European perspective

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Author Info

  • Ignazio Angeloni
  • Agnès Bénassy-Quéré
  • Benjamin Carton
  • Zsolt Darvas
  • Christophe Destais
  • Ludovic Gauvin
  • Jean Pisani-Ferry
  • André Sapir
  • Shahin Vallée

Abstract

This report examines possible scenarios for the evolution of the international monetary system (IMS) and their implications for the euro area, within a 15-year perspective. The report reviews the lessons from the history of the international monetary system (IMS), analyses the current IMS, assesses global trends that are going to affect the evolution of the IMS and presents and assesses three main scenarios for the IMS: a repair-and-improve scenario, a multipolar scenario and a multilateral scenario.

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File URL: http://ec.europa.eu/economy_finance/publications/economic_paper/2011/ecp444_en.htm
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Bibliographic Info

Paper provided by Directorate General Economic and Monetary Affairs (DG ECFIN), European Commission in its series European Economy - Economic Papers with number 444.

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Length: 75 pages
Date of creation: Jul 2011
Date of revision:
Handle: RePEc:euf:ecopap:0444

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References

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Citations

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Cited by:
  1. Agnès Bénassy-Quéré & Yeganeh Forouheshfar, 2013. "The impact of yuan internationalization on the euro-dollar exchange rate," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) halshs-00801100, HAL.
  2. Allegret, Jean-Pierre & Sallenave, Audrey, 2014. "The impact of real exchange rates adjustments on global imbalances: A multilateral approach," Economic Modelling, Elsevier, vol. 37(C), pages 149-163.
  3. Pietro Alessandrini & Andrea Filippo Presbitero, 2011. "Low-Income Countries Vulnerabilities and the Need for an SDR-Based International Monetary System," Mo.Fi.R. Working Papers 55, Money and Finance Research group (Mo.Fi.R.) - Univ. Politecnica Marche - Dept. Economic and Social Sciences.
  4. repec:hal:cesptp:hal-00961708 is not listed on IDEAS
  5. Prasad, Eswar S. & Ye, Lei, 2011. "The renminbi’s role in the global monetary system," Proceedings, Federal Reserve Bank of San Francisco, issue Nov, pages 127-197.
  6. Kawai, Masahiro, 2014. "Asian Monetary Integration: A Japanese Perspective," ADBI Working Papers 475, Asian Development Bank Institute.
  7. Pietro Alessandrini & Andrea Presbitero, 2012. "Low-Income Countries and an SDR-based International Monetary System," Open Economies Review, Springer, vol. 23(1), pages 129-150, February.
  8. repec:hal:journl:halshs-00763966 is not listed on IDEAS
  9. Agnès Bénassy-Quéré & Damien Capelle, 2011. "On the Inclusion of the Chinese Renminbi in the SDR Basket," Working Papers 2011-19, CEPII research center.
  10. Robert N McCauley & Catherine R Schenk, 2014. "Reforming the international monetary system in the 1970s and 2000s: would an SDR substitution account have worked?," BIS Working Papers 444, Bank for International Settlements.
  11. Stijn Claessens & Shahin Vallée, 2012. "Paths to eurobonds," Working Papers 733, Bruegel.
  12. Prasad, Eswar, 2014. "Global Implications of the Renminbi’s Ascendance," ADBI Working Papers 469, Asian Development Bank Institute.

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