Speech

The internationalization of national currencies, speech at the Comenius European Banking and Financial Forum, Czech National Bank, Prague, Czech Republic, March 27, 2007


Abstract: President Pianalto discusses the characteristics of international reserve currencies and the benefits that a country - or a region such as the Eurozone - can enjoy if its currency fulfills that role. She concludes with comments on why global currency competition provides an incentive for central banks to pursue and preserve price stability.

Keywords: Bank reserves; Dollar, American; Euro;

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Bibliographic Information

Provider: Federal Reserve Bank of Cleveland

Part of Series: Speech

Publication Date: 2007

Number: 11