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444 - Global currencies for tomorrow: A European perspective

Ignazio Angeloni, ECB and Bruegel Agnès Bénassy-Quéré, CEPII and University Paris X – Nanterre Benjamin Carton, CEPII Zsolt Darvas, Bruegel, Corvinus University and IEHAS Christophe Destais, CEPII Jean Pisani-Ferry, Bruegel and Université Paris-Dauphine André Sapir, Bruegel and Université Libre de Bruxelles Shahin Vallée, BNP PARIBAS and Bruegel

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This report examines possible scenarios for the evolution of the international monetary system (IMS) and their implications for the euro area, within a 15-year perspective.

The report reviews the lessons from the history of the international monetary system (IMS), analyses the current IMS, assesses global trends that are going to affect the evolution of the IMS and presents and assesses three main scenarios for the IMS: a repair-and-improve scenario, a multipolar scenario and a multilateral scenario.

(European Economy. Economic Papers. 444. July 2011. Brussels. PDF. 75pp. Tab. Graph. Bibliogr. Free.)

KC-AI-11-444-EN-N (online)
ISBN 978-92-79-19224-1 (online)
doi:10.2765/15175 (online)

JEL classification: F33

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