The success of European Economic and Monetary Union (EMU) will depend on the stability of the euro. The monetary policy … inflation targeting rule that includes output. Implications for the euro as a reserve currency are examined in the light of the …

considerably changed after introducing of the euro which in the first decade of the XXI century exceeded 20% share in reserves of … the demand for the euro and increasing the pressure on the appreciation of the euro exchange rate unless the authority … appreciation of the euro may increase and this becomes a great challenge for the authority issuing the already second significant …