Euro should not covet reserve role

euromoney

The eurozone would suffer from the euro becoming a global reserve currency, panellists at a CentralBanking.com web seminar said on Tuesday.

Daniel Gros, the director of the Centre for European Policy Studies, a Brussels-based think tank, and Ken Wattret, the chief eurozone economist at BNP Paribas, both asserted that the euro becoming a reserve currency would hinder any nascent recovery in the region.

Such a move would, the economists argued, dampen export competitiveness by sparking an apprecia

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: