The role and perspectives of the euro as a reserve currency

Bogumiła Mucha-Leszko

Abstract


The subject of this study is an appraisal of the euro position as a reserve currency. The analysis includes: motives for reserve accumulation from a theoretical point of view, optimization criteria of the world currency reserves' level and structure, perspectives of the euro as a reserve currency depending on three scenarios of changes in the international monetary system.

 


Keywords


euro; reserve currency; reserve portfolio optimization; euro share

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References


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DOI: http://dx.doi.org/10.17951/h.2014.48.1.151
Date of publication: 2015-04-27 14:05:01
Date of submission: 2015-04-14 21:03:08


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