Christine Lagarde has said she would like the eurozone to enjoy the same benefits from its currency as the US does from the dollar.
In a speech in Paris on October 7, the president of the European Central Bank said the euro was “somewhere in between” being a safe-haven currency and a “truly international one”.
Countries whose currencies are safe havens, such as Japan and Switzerland, enjoy capital inflows in times of stress, she said. However, these are not usually signs of “sustained investment”
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com test test test
by :
Source link
