Debate: Reserve currency, euro vs. dollar

Should central banks replace their dollar foreign reserves with euros?

Background and Context of Debate:

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Yes

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No

• Countries that replace dollar with euro will lose paper dollar holdings

• Shifts from dollar reserves should not be based on the short-term difficulties

• The euro can't be decoupled from US difficulties

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Yes

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No

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Pro/con resources

Yes

No

• "Only Gold Can Replace the Greenback As the World's Reserve Currency". Seeking Alpha. January 25, 2008

References

See also

External links

• Eichengreen, Barry (May 2005). Sterling's Past, Dollar's Future: Historical Perspectives on Reserve Currency Competition (PDF). National Bureau of Economic Research (NBER).
• Lim, Ewe-Ghee (June 2006). The Euro’s Challenge to the Dollar: Different Views from Economists and Evidence from COFER (Currency Composition of Foreign Exchange Reserves) and Other Data (PDF). IMF
• Reuters. Euro could replace dollar as top currency - Greenspan. Retrieved on September 17, 2007.
• Menzie, Chinn; Jeffery Frankel (January 2006). "Will the Euro Eventually Surpass The Dollar As Leading International Reserve Currency?" (PDF). NBER. Retrieved on 2007-10-11.