This paper considers how the European Union, and more specifically the euro area, can contribute to international … key emerging market countries and a possible "hard landing" for the US dollar. In that context, EMU has clearly increased … internal stability in the euro area and has promoted a dynamic development of capital markets. But in some respects, monetary …

policies towards the international role of the euro, in areas such as: data needs; financial market developments; euroisation …This paper analyses the issues raised by EMU for the relationships between the euro area and the international … financial system. The depreciation of the euro exchange rate since the beginning of EMU has attracted most attention. The paper …