IDEAS home Printed from https://ideas.repec.org/a/vep/journl/y2018v126i4p423-446.html
   My bibliography  Save this article

The Evolution And Perspectives Of The Euro’S International Role

Author

Listed:
  • Giovanni Battista Pittaluga

    (Department of Political Science, University of Genoa, Italy)

  • Giuseppe Mastromatteo

    (Department of Economic Policy, Universita` Cattolica del Sacro Cuore, Milan, Italy)

Abstract

In its start-up phase, many scholars argued that the euro would join or replace the dollar as an international currency. The use of the European currency in foreign trade and as a reserve currency, after rising significantly until 2007, has decreased considerably since the global financial crisis. The main reason for this decline is that, in recent crises, the euro area financial market appeared to be extremely fragmented. This reduced the liquidity of assets denominated in euros. One of the prerequisites for a currency to become an international currency was lacking.

Suggested Citation

  • Giovanni Battista Pittaluga & Giuseppe Mastromatteo, 2018. "The Evolution And Perspectives Of The Euro’S International Role," Rivista Internazionale di Scienze Sociali, Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore, vol. 126(4), pages 423-446.
    • Handle: RePEc:vep:journl:y:2018:v:126:i:4:p:423-446
    as

    Download full text from publisher

    File URL: http://riss.vitaepensiero.it/scheda-articolo_digital/giuseppe-mastromatteo-giovanni-battista-pittaluga/the-evolution-and-perspectives-of-the-euros-international-role-000518_2018_0004_0423-369228.html
    Download Restriction: Yes
    ---><---

    More about this item

    Keywords

    Euro; US dollar; International currency; Financial market integration;
    All these keywords.

    JEL classification:

    • I20 - Health, Education, and Welfare - - Education - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vep:journl:y:2018:v:126:i:4:p:423-446. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Vep - Vita e Pensiero (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.