The Re-Emerging Privilege of Euro Area Membership

The Re-Emerging Privilege of Euro Area Membership
When the euro was introduced in 1998, one objective was to create an alternative global reserve currency that would grant benefits to euro area countries similar to the U.S. dollar’s “exorbitant privliege”: i.e., a boost to the perceived quality of euro denominated assets that would increase demand for such assets and reduce euro area members’... READ MORE...

Publication date: July 2017
ISBN 9781484309254
$18.00

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