The Rise of the Euro as a Global Currency - Rabtsun, Olena
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The 10th anniversary of the single European currency, celebrated in 2009, provided a good occasion to examine the developments of the euro over the decade it existed, and to assess its advances with regard to becoming a global currency. The paper comprises five parts, which include both theoretical and empirical analysis. Section I introduces the notion of a global currency, its main benefits and the economic pre-requisites for gaining this status. Section II provides an overview of the existing literature on the question of the euro s role in the global economy and its potential international…mehr

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Produktbeschreibung
The 10th anniversary of the single European currency, celebrated in 2009, provided a good occasion to examine the developments of the euro over the decade it existed, and to assess its advances with regard to becoming a global currency. The paper comprises five parts, which include both theoretical and empirical analysis. Section I introduces the notion of a global currency, its main benefits and the economic pre-requisites for gaining this status. Section II provides an overview of the existing literature on the question of the euro s role in the global economy and its potential international dominance. Section III introduces an empirical assessment of the euro s world-wide use, and establishes certain predictions of potential future changes. Section IV presents a case-study of the use of the euro in both public and private spheres in two EU neighbouring countries (Ukraine and Russia) a review having no comprehensive equivalent at the moment. Section V concludes.
Autorenporträt
Nato a Mykolaiv, Ucraina. Ha conseguito un BA in Finanza presso l'Accademia Nazionale di Kyiv-Mohyla (Ucraina), un MA in Economia del Commercio Internazionale e Integrazione Europea presso l'Università di Anversa (programma Erasmus Mundus) e un MA in Studi Interdisciplinari Europei presso il Collegio d'Europa. Attualmente lavora come revisore dei conti in KPMG Russia.