Will COVID-19 boost the euro as a global currency?

The euro is, by definition an international currency. However, since being established in the late 90s the single currency has always been somewhat less than the sum of its parts and has yet to challenge the US dollar for global dominance. Its international status declined with the euro crisis of 2008.

Could the reform of the institutional setup of the monetary union that many are arguing for in the wake of the COVID-19 crisis boost the euro's status as a global currency?



The Sound of Economics

Insights, debates, and research-based discussions on economic policy in Europe and beyond. The podcast is produced by Bruegel (https://www.bruegel.org/), an independent and non-doctrinal think tank based in Brussels. It seeks to contribute to European and global economic policy-making through open, fact-based, and policy-relevant research, analysis, and debate. A podcast member of EuroPod.