If the Eurozone pursues greater integration and common financial policies, then the Euro will be the next global reserve currency
AbstractDespite the on-going crisis in the Eurozone, Alexander Görlach argues that the euro is far from dead. Instead, he says that if the Eurozone’s heads of state are willing to sacrifice some national sovereignty for more integration, it will become nothing less than the next reserve currency of the world.
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Date of creation: 10 Jul 2012
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-09-30 (All new papers)
- NEP-CWA-2012-09-30 (Central & Western Asia)
- NEP-MON-2012-09-30 (Monetary Economics)
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