Euro challenge to US

May 1, 1998

The Euro could displace the dollar as the major international currency outside the United States and Asia if financial markets integrate rapidly enough, researchers say. Economists Richard Portes of London Business School and Helene Rey of the London School of Economics outline their arguments in a book, Prospects and Challenges for the Euro. They cite a possible 0.5 per cent annual gain in Europe's gross domestic product, with a similar loss for the US and a shift from dollar- to euro-denominated assets.

Please login or register to read this article.

Register to continue

Get a month's unlimited access to THE content online. Just register and complete your career summary.

Registration is free and only takes a moment. Once registered you can read a total of 3 articles each month, plus:

  • Sign up for the editor's highlights
  • Receive World University Rankings news first
  • Get job alerts, shortlist jobs and save job searches
  • Participate in reader discussions and post comments

Have your say

Log in or register to post comments