The Euro and the Dollar Essay by experts
The Euro and the Dollar
A study of the effect of the Euro on the strength of the U.S. dollar.
# 7424 | 2,040 words | 11 sources | MLA | 2002 |
Published on Nov 02, 2003 in Business (Finance, Investment and Banking) , Business (International) , Economics (International) , History (U.S. Post-Modern 1965-Present)
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The author shows that since the introduction of the euro into actual usage this year, some economists and business people have worried about the effect of a unified European economy on the strength of the U.S. dollar. However, such concerns are for the most part (at the current moment) overwrought: The euro is not a serious threat to the dollar. The paper studies the history of the euro and the state of the world economy as a whole.
From the Paper:"But the euro is unlikely to dominate the economic world in the near future, in part because the job for those bankers who control the daily mechanics of the euro is a complex and difficult. The euro's short history against the dollar should give those interested in the dollar's relative strength much to be happy about. So, for example, while at the end of 2000 the euro seemed to be regaining its footing and the confidence of many in both the United States and Europe it faltered during the first quarter of 2001 (www.twenj.com) only to rise in fits and starts throughout the rest of last year."
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