Speaker:
Randall Germain, Professor of Political Science at Carleton University

The financial crisis that has gripped the Eurozone has important implications for the international role of the euro. Professor Randall Germain will explore the international future of the euro in light of:

1) existing institutional arrangements within the EU, and

2) certain macro-economic features of the euro-zone.

His analysis suggests that not only are there barriers to the further development of the euro as an international currency, but that the euro's role as an international currency will be diminished as a consequence of the crisis. This will have important consequences for the organization and operation of the world's monetary and financial system in the future.

(PS 595 credit)