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The Future of the U.S. Dollar and its Competition with the Euro

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  • Alex Kondonassis
  • A.G. Malliaris
  • Chris Paraskevopoulos

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.

Suggested Citation

  • Alex Kondonassis & A.G. Malliaris & Chris Paraskevopoulos, 2007. "The Future of the U.S. Dollar and its Competition with the Euro," European Research Studies Journal, European Research Studies Journal, vol. 0(1-2), pages 97-110.
  • Handle: RePEc:ers:journl:v:x:y:2007:i:1-2:p:97-110
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    File URL: http://www.ersj.eu/repec/ers/papers/07_12_p6.pdf
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    References listed on IDEAS

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    1. Bob Jessop, 2002. "Critical forum," Journal of Economic Geography, Oxford University Press, vol. 2(2), pages 249-250, April.
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    Cited by:

    1. A. Malliaris & Mary Malliaris, 2013. "Are oil, gold and the euro inter-related? Time series and neural network analysis," Review of Quantitative Finance and Accounting, Springer, vol. 40(1), pages 1-14, January.

    More about this item

    Keywords

    U.S. Dollar; International Monetary System; Global Currencies; Euro;

    JEL classification:

    • F01 - International Economics - - General - - - Global Outlook
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions

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