Friday, 28th September 2012
The International Role of the Euro
Source: European Central Bank
From the Foreword:
This is the 11th annual review of the international role of the euro published by the ECB. It presents the main findings of the continued monitoring and analysis conducted by the ECB and the Eurosystem looking at the development, determinants and implications of the use of the euro by non-euro area residents.
This review finds that the international role of the euro was relatively resilient in 2011 when compared with other major international currencies, despite the impact of the euro area sovereign debt crisis on some financial market segments and foreign investors’ reduced appetite for the securities issued by a number of euro area Member States. As in previous years, the ECB’s stability-oriented monetary policy continued to underpin the international use of the euro as a credible store of value. Overall, relative preferences for major international currencies were broadly stable.
This review also examines in greater depth issues that have a bearing on the euro’s international role, the global currency order and the international monetary system.
+ Direct link to document (PDF; 1.6 MB)
By Adrian Janes
Having begun his career in academic libraries, Adrian Janes is currently an Information Services Librarian with the London Borough of Havering.
In this role, he has particular responsibility for information from both the UK Government and the European Union. He wrote a detailed report on sources for the latter which was published by Free Pint Ltd. in 2007. He is also involved in training and publicising online reference resources and is a regular contributor to DocuTicker.
Adrian can be reached at firstname.lastname@example.org
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