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|Title:||The future of the US Dollar and its competition with the Euro|
|Authors:||Kondonassis, Alexander J.|
Malliaris, Anastasios G.
Paraskevopoulos, Christos C.
|Publisher:||University of Piraeus. International Strategic Management Association|
|Citation:||Kondonassis, A., Malliaris, A., & Paraskevopoulos, C. (2007). The Future of the US Dollar and its Competition with the Euro. European Research Studies Journal, 10(1-2), 97-110.|
|Abstract:||Since the collapse of the Bretton Woods Global International System in 1971, the world economy has experienced significant currency volatility. The major economies of the world have addressed such volatility differently. The EU has chosen to follow a monetary union and introduced successfully a new currency. The U.S. has paid less attention to the fluctuations of the dollar and has pursued an independent monetary policy to promote national economic stability. Japan has seen its currency appreciate significantly. This paper argues that while trade and growth across the globe are doing well, financial developments are intensifying the competition between the U.S. dollar and the euro. Three possible future scenarios are developed and discussed.|
|Appears in Collections:||European Research Studies Journal, Volume 10, Issue 1-2|
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