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Will the role of the dollar as the international reserve currency be challenged?

✍ Scribed by Freddy Van den Spiegel

Publisher
Springer-Verlag
Year
2005
Tongue
English
Weight
563 KB
Volume
1
Category
Article
ISSN
1612-4804

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## Abstract Well‐developed financial markets are a necessary condition for a currency to play a role as a reserve currency. The introduction of the euro greatly improved the functioning of euro financial markets. This paper investigates whether euro financial markets have developed sufficiently to