The Euro May over the Next 15 Years Surpass the Dollar as Leading International Currency
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Chinn, Menzie D.
Frankel, Jeffrey A.
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Working paper
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Abstract
The euro has arisen as a credible eventual competitor to the dollar as leading
international currency, much as the dollar rose to challenge the pound 70 years ago. The authors find that the euro may surpass the dollar as the world's top reserve currency as soon as 2025.