Euro’s ‘heft’ has been underappreciated – BIS’s Borio

euro5454

In several important respects, the euro is a more significant international currency than is widely appreciated, Claudio Borio said in recent remarks.

Many conclude from the euro’s shrinking share of official foreign reserves that the currency is losing ground on the global stage, Borio said. He sought to challenge this narrative: “I would like to argue that, in some significant but underappreciated respects, the euro’s heft has actually grown in recent years.”

The euro continues to have an

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: