The Euro's Challenge to the Dollar : Different Views from Economists and Evidence from COFER (Currency Composition of Foreign Exchange Reserves) and Other Data »
Series: IMF Working Papers
Author(s): Ewe-Ghee Lim
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2006
Keywords: dollar, international currency, network externalities, currency composition, bonds, international currencies, exchange rates, International Finance: Other, U.s. Dollar,
This paper examines opposing views on the euro's challenge to the dollar as an international currency. One view emphasizes Europe's large economy and diversification effects as undergirding a vigorous challenge. Th...