The International Role of the Euro

01-01-1998

The creation of the Euro will constitute a major change to the international monetary system. This study examines the extent to which the Euro will become a major international currency to rival the dollar, whether it is likely to be 'strong' or 'weak'; and how exchange rate policy for the Euro is to be managed. It also contains Annexes on the Euro as an anchor currency for the CEECs; and on parameters for Euro/US$ exchange rates.

The creation of the Euro will constitute a major change to the international monetary system. This study examines the extent to which the Euro will become a major international currency to rival the dollar, whether it is likely to be 'strong' or 'weak'; and how exchange rate policy for the Euro is to be managed. It also contains Annexes on the Euro as an anchor currency for the CEECs; and on parameters for Euro/US$ exchange rates.