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Euro-dollar ratio of forces in the current stage of economic-financial crisis

Author

Listed:
  • Roxana NANU
  • Gheorghe PIRVU
  • Ramona GRUESCU

    (University of Craiova)

Abstract

Euro-dollar ratio of forces is not a simple confrontation on a monetary plan. This dispute has implications on many plans such as social, economic, global development plan, natural resources. Globalization amplifies this report and gives importance in setting a global economic leader. The pride and American economic supremacy might give the dollar power on the international economic market, power that is assured by the rich history of the dollar against the euro. The European currency is gaining ground, relying on the dislikes of two great powers for the US , Russia and China. This paper provides a review of the development of the euro-dollar ratio from the birth of euro until the emergence of the current manifestation of economic and financial crisis with its implications.

Suggested Citation

  • Roxana NANU & Gheorghe PIRVU & Ramona GRUESCU, 2010. "Euro-dollar ratio of forces in the current stage of economic-financial crisis," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(11), pages 177-183, May.
    • Handle: RePEc:aio:fpvfcf:v:1:y:2010:i:11:p:177-183
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    More about this item

    Keywords

    currency rate; dollar; european currency;
    All these keywords.

    JEL classification:

    • G01 - Financial Economics - - General - - - Financial Crises
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics

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