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...
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ПОДРОБНАЯ ИНФОРМАЦИЯ
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2007/11/01
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Рабочий документ в рамках исследования вопросов политики
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WPS4381
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1
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1
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2010/07/01
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Disclosed
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The growing role of the euro in emerging market finance
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Capital Market and Financial