[30] Ibid. Of course, this aspect of a currency’s international status extends beyond EMU. But it has a clear implication for policymakers. Europe already exerts global leadership in regulatory, competition and trade domains. [31] Europe already exerts global leadership in the regulatory domain.
A recent World Bank study covering 51 countries showed that having a credit bureau resulted in the following: First, a marked increase in the volume of lending, particularly to previously excluded sectors like the micro, small and medium enterprises.