Managing the European economy after the introduction of the Euro
Managing the European economy after the introduction of the Euro

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Managing the European economy after the introduction of the Euro

1.5.4 Summary

  • The Euro has become an important currency of denomination for government and corporate bonds.

  • There is now emerging a two-currency world, made up of the US dollar and the EU Euro.

  • The advantages to countries of being able to borrow internationally in their own currencies have not been lost to them, so there will be an incentive for the east-Asian countries to develop their own ‘regional’ financial markets.

  • Exchange rate fluctuations between the US dollar and the EU Euro could increase as a result of the introduction of the Euro.

  • A key feature for the stability of the international financial system in the future will be to effectively ‘govern’ the relationships between the US dollar and the EU Euro.

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