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Dollar-Euro Exchange Rate 1999-2004 : Dollar and Euro as International Currencies

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dc.creator Shams, Rasul
dc.date 2005
dc.date.accessioned 2013-10-16T07:04:04Z
dc.date.available 2013-10-16T07:04:04Z
dc.date.issued 2013-10-16
dc.identifier http://hdl.handle.net/10419/19293
dc.identifier ppn:489066097
dc.identifier RePEc:zbw:hwwadp:26228
dc.identifier.uri http://koha.mediu.edu.my:8181/xmlui/handle/10419/19293
dc.description On January 1,1999 euro became the currency for 11 member states of the European Union. Since then the dollar-euro exchange rate has completed a full turning. Three years of depreciation of the euro followed by three years of appreciation without wild fluctuations asks for an explanation which would adequately account for the position of the euro as an emerging international currency. In this paper, first we present a concise summary of the theory of world money. Then we apply the theory to explain the development of the exchange rat of euro versus dollar in the subperiods 1999-2002 and 2002-2004.
dc.language eng
dc.publisher
dc.relation HWWA Discussion Paper 321
dc.rights http://www.econstor.eu/dspace/Nutzungsbedingungen
dc.subject G15
dc.subject F41
dc.subject F3
dc.subject ddc:330
dc.subject Exchange Rates
dc.subject Balance of Payments
dc.subject International currency
dc.subject Reservewährung
dc.subject Euro
dc.subject US-Dollar
dc.subject Wechselkurs
dc.subject Geldgeschichte
dc.subject Welt
dc.subject EU-Staaten
dc.subject Vereinigte Staaten
dc.title Dollar-Euro Exchange Rate 1999-2004 : Dollar and Euro as International Currencies
dc.type doc-type:workingPaper


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