تطور المكانة الدولية لعملة اليورو بعد مسيرة 20 عاما : ما الجديد ؟

Abstract EN

This study aims to clarifying the development of the international status of the euro in the international monetary system since its inception , especially in the last decade of this century, as this period which was marked a weakness in the global economic activity, and the increasing in debt issuance by companies and borrowers in emerging markets in global capital markets.

The study found that the international status of the euro was in a continuous increase during the first decade of its appearance, but recent developments have led to the stability of the euro's international role in various international financial transactions, the share of the euro in global foreign exchange reserves and outstanding international deposits remained stable on a large scale, ranking the second place after the US dollar, with an increase in its share in international outstanding loans.

This poses great challenges for this union European currency to compete the US dollar about the leadership of the international monetary system