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The Euro and the Dollar, 1998 Author info | Abstract | Publisher info | Download info | Related research | Statistics Robert McCauley
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There is no immediate prospect for the euro to become an anchor currency outside Central Europe and the Mediterranean. Still, a successful euro could deepen European financial markets and attract more international investment to the euro area. The prospect of substantial portfolio shifts into the euro, however, does not justify forecasts that the new currency will appreciate against the dollar over an extended time horizon. Liability managers outside the euro area should also find the enhanced liquidity and improved diversification possibilities of euro-denominated debt attractive. Copyright Kluwer Academic Publishers 1999
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Article provided by Springer in its journal Open Economies Review .
Volume (Year): 10 (1999)
Issue (Month): 1 (February)
Pages: 91-133
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Handle: RePEc:kap:openec:v:10:y:1999:i:1:p:91-133Contact details of provider: Web page: http://www.springerlink.com/link.asp?id=100323
For technical questions regarding this item, or to correct its listing, contact: (Christopher F. Baum).
Keywords: anchor currencies ; official reserves ; financial markets ; portfolio shifts ; Other versions of this item:
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references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Robert N McCauley, 2001.
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