This paper discusses the position of the dollor as related to other currencies in the global currency market: Background, devaluation, effect on trade, reserves, interest rates and future.
Written in 1995; 1,350 words; 7 sources; $ 47.95
From the Paper:
"Currency takes on a life of its own in the international trading markets. Aside from the value that governments place on their currency, international traders place value that ultimately determines how much any given currency can buy. In recent months, there has been increased attention given to the volatility of the world's currencies, with particular attention given to the American dollar, the Japanese yen, the Deutchemark, and the Mexican peso. This research examines the recent devaluation of the American dollar, the recent performance of the British pound and potential ramifications on the American and world economies.
The Japanese yen, German mark and American dollar are generally considered the world's strongest currencies. Merchants and governments expect these currencies to ... "
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