This key book assesses the international role of the euro, discusses its impact on global financial markets, shifting global exchange rate relationships and their implications. With input from various disciplines, it foments discussions intended to facilitate an exchange of ideas among academics, practitioners and the local business community.One of the many aquot;bagsaquot; was filled with the expectation that the euro would foster or even create the missing European identity that is seen as essential for ... This chapter will look into another aquot;bagaquot; by discussing the strong appreciation of the euro against the US dollar since 2002. ... Since the launch of the euro, its exchange rate versus the US dollar (see Figure 4.1) has undergone three distinct phases.
|Title||:||Euro and the Dollar in a Globalized Economy|
|Author||:||Joaquín Roy, Pedro Gomis-Porqueras|
|Publisher||:||Ashgate Publishing, Ltd. - 2007|