One world, one money
Article Abstract:
The idea of a world currency may appear unthinkable, yet there are a number of advantages, especially for smaller economies which are open to trade. Exchange rates can provide a cushion, and this may be needed if there is a lack of mobility for factors of production such as labor. Financial integration is not easy to reverse, and currency boards do not have central banks functioning as lenders of last resort, so runs on banks could occur. A world currency union is more likely to be taken seriously as an idea if European monetary union is successful.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1998
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The greenback's charm
Article Abstract:
The performance of the US dollar is examined in detail, as are reasons why the dollar is rising in value in relation to the Japanese yen and the euro currency.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 2001
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The darling dollar
Article Abstract:
Trends in exchange rates for the US dollar, and their implications, are examined in detail.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 2001
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