Barry Eichegreen, (2019), “The euro’s global dreams and nightmares”, CEPS, 8 January
One motive for founding the euro was to create a European unit that might provide an alternative to the dollar as an international and reserve currency. The Werner Report, the first full-throated argument for a single European currency, was issued in a period of angst about the Bretton Woods System and the dollar (Zimmermann, 2002). The Delors Report, which provided a detailed roadmap in 1989, was not unrelated to the preceding decade of wild dollar fluctuations.
Relevant Posts
- David Comerford, Sevi Rodriguez Mora, (2019), «The gains from economic integration: The EU has still a long way to go», VoxEU.org, 4 January
- ECB/The international role of the euro/June 2018