The euro’s global dreams and nightmares (CEPS)

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.[1] 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).[2] The Delors Report, which provided a detailed roadmap in 1989, was not unrelated to the preceding decade of wild dollar fluctuations.

Barry Eichengreen


Lascia un commento

Il tuo indirizzo email non sarà pubblicato. I campi obbligatori sono contrassegnati *