Electronic Resource
Springer
Open economies review
10 (1999), S. 91-133
ISSN:
1573-708X
Keywords:
anchor currencies
;
official reserves
;
financial markets
;
portfolio shifts
Source:
Springer Online Journal Archives 1860-2000
Topics:
Economics
Notes:
Abstract There is no immediate prospect for the euro to become an anchor currency outside Central Europe and the Mediterranean. Still, a successful euro could deepen European financial markets and attract more international investment to the euro area. The prospect of substantial portfolio shifts into the euro, however, does not justify forecasts that the new currency will appreciate against the dollar over an extended time horizon. Liability managers outside the euro area should also find the enhanced liquidity and improved diversification possibilities of euro-denominated debt attractive.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1023/A:1008309213136
Permalink
|
Location |
Call Number |
Expected |
Availability |
