The inquiry into the global significance of the euro, which is the second most important currency in the international … financial system after the US dollar (hereinafter, the dollar), should be treated as a priority in efforts to strengthen the EU …’s strategic autonomy. The main obstacles impeding the further internationalisation of the euro include the lack of a sovereign …

The euro is the second most important global currency after the US dollar. However, its international role has not … increased since its inception in 1999. The private sector prefers using the US dollar rather than the euro because the financial … market for US dollar-denominated assets is larger and deeper; network externalities and inertia also play a role. Increasing …

the EUR-US Dollar exchange rate employing an AR-FIGARCH specification. Using high-frequency data we estimate the …

estimate a Markov switching VAR for the euro area and the US, including additionally GDP, CPI and a short-term interest rate …. We find evidence for two distinct states in both regions. For the euro area, we find a regime which is correlated to the …