UID:
almafu_9958099258402883
Format:
1 online resource (27 pages)
Series Statement:
Policy research working papers.
Content:
More than eight years after the introduction of the euro, impacts on developing countries have been relatively modest. Overall, the euro has become much more important in debt issuance than in official foreign exchange reserve holdings. The former has benefited from the creation of a large set of investors for which the euro is the home currency, while demand for euro reserves has been held back by the dominance of the dollar as a vehicle and intervention currency, and the greater liquidity of the market for US treasury securities. Fears of further dollar decline may fuel some shifts out of dollars into euros, however, with the potential for a period of financial instability.
Language:
English
DOI:
10.1596/1813-9450-4381
URL:
Volltext
(Deutschlandweit zugänglich)
