The paper evaluates the present and future international currency status of the US dollar, the euro and the yen. In … integration of European financial markets emphasizing the enormous structural changes that came about since the euro has been …

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 … the attractiveness of the euro outside the euro area requires, among others, a proactive role for the European Central …

euro for the international monetary system is analyzed, its role as an international currency and the level and long … impact of EMU on countries outside the euro area is discussed, particularly on countries in Central and Eastern Europe, in …