The 10th anniversary of the single European currency, celebrated in 2009, provided a good occasion to examine the developments of the euro over the decade it existed, and to assess its advances with regard to becoming a global currency. The paper comprises five parts, which include both theoretical and empirical analysis. Section I introduces the notion of a global currency, its main benefits and the economic pre-requisites for gaining this status. Section II provides an overview of the existing literature on the question of the euros role in the global economy and its potential international...
The 10th anniversary of the single European currency, celebrated in 2009, provided a good occasion to examine the developments of the euro over the de...