Papaioannou, Elias; Portes, Richard - Directorate-General Economic and Financial Affairs, … - 2008
We survey the evidence on the international role of the euro a decade after its introduction. In the early nineties … political disintegration and economic divergence. In contrast, some argued that the euro could become a major international … currency within a relatively short time. In fact, the international importance of the single European currency is rising …