Publication: Cryptocurrencies and the future of money. Money and trust in France
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Date
2020-03-27
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IE Center for the Governance of Change
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Abstract
The euro was established by the provisions of the 1992 Maastricht Treaty, and is now the official currency of 19 of the 28 member states of the European Union, including France. It has replaced the previous French currency, French franc, which ceased to be convertible to euros by 2012. As of today, the euro is the secondlargest reserve currency as well as the second-most traded currency in the world after the US dollar. The euro has even surpassed the US dollar and become the currency with the highest values of banknotes and coins in circulation in the world. From the charts below, we can see that money supply and consumer prices, in both pre and post euro eras, have experienced a fairly stable increase over the 1980–2018 period.
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Attribution 4.0 International
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IE Center for the Governance of Change
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Seiferling, M., Ahmed, T., ElBahrawy, A. Y., Chan, K., & Padilha, T. (2020). Cryptocurrencies and the future of money. Money and trust in France. Zenodo. https://doi.org/10.5281/zenodo.3730958