The Emergence of the Euro as a Global Reserve Currency: Evolution and Prospects

Abstract

Since its inception as a unified currency, the euro has taken on a central role in the global economy. However, it faces deep structural issues highlighted by specialized literature and pointed out by various economists and institutions, which call into question its efficiency as a store of value. These issues have impacted macroeconomic inequalities, particularly in terms of economic growth and inflation, with effects extending beyond the region to economies such as those in Latin America. This study presents an analysis of the euro’s evolution as a store of value and explores perspectives for managing its influence through policy in Latin America.