Stane se euro rovnocenným konkurentem amerického dolaru?
Stane se euro rovnocenným konkurentem amerického dolaru?

Summary/Abstract: The main purpose of this article is to show by selected case studies to what extent the euro has already managed to establish itself as one of the key international currencies from the point of view of various aspects, to what extent it fulfills the functions of an important international currency, and what are the prospects of the euro’s position in the future. Various signals indicate that the euro already fulfills some conditions which would allow it to become a serious competitor to the dollar in a relatively short period of time. The article is also taking notice of some obstacles and drawbacks that the European Economic and Monetary Union (EMU) has to and will have to deal with. First of all, the author deals with the question of whether the eurozone is an optimum currency area. This is one of the principal theoretical problems which has been accompanying the EMU since the very beginning. Then he shifts his attention to the question,concerning what role does the euro play in the world economy at present from the point of view of the share of the eurozone on the world GDP, trade, official foreign exchange reserves, selected indicators of financial markets etc. Then he deals with the role of the euro in the world monetary system – one of the main subsystems of the world economy. The next part of the article outlines the potential of the euro in its “conquest” of further regions of the world.

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