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The international role of the euro

European Central Bank (ECB), (2017), “The international role of the euro”, Annual Review, Ιούλιος

This report covers developments in 2016 and early 2017. This period was characterised by heightened non-economic risks stemming in particular from geopolitical developments, elections in some euro area countries, economic policy uncertainty in the wake of the outcome of the United Kingdom’s referendum on EU membership and the arrival of a new US administration, as well as the continued impact of the ECB’s asset purchases on financial markets. These developments affected the international role of the euro in the review period; the currency continued to lose some ground, albeit not uniformly.

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