Key currencies after the euro

Article Abstract:

There are speculations that in the long run, the euro will eventually replace the German mark, the French franc in their international functions and could even supersede the dollar and yen as an international currency. The euro's position versus the dollar was examined from the viewpoints of the classical roles of money and reasons for holding foreign currencies. It was concluded that euro will not have an effect on the international monetary system outside Europe for many decades to come. It will not replace the dollar because of the familiarity, convenience and extensive use of the dollar.

Other General Government Support, Coinage & Currency, Economic aspects, International aspects, Money, European Union, Dollar (United States), European Monetary System

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World trade, the Middle East, and the stability of world oil supplies

Article Abstract:

The projections showing the dependence of the global economy on oil for the next two decades is likely to force international relations to the point of keeping the peace in the Middle East. Some of the key flashpoints that must be avoided to control war in the Middle East is the helping Iran with its economy to restrain the country from mining the Straight of Hormuz, as well as supporting Persian Gulf countries and Saudi Arabia with their defense preparations. Along with these options are alternatives of developing both energy options and oil sourcing options.

PETROLEUM AND COAL PRODUCTS, Petroleum, Petroleum and Coal Products Manufacturing, International trade, Middle East, Strategic aspects

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Should capital controls be banished?

Article Abstract:

Liberalization of capital movements should be allowed under the right conditions. The latter include low barriers to international trade; a well-developed, well-diversified and well-regulated domestic financial market; and a tax regime for capital that is not significantly different from international standards. The absence of these conditions would lead to the serious misallocation of capital movements. Most susceptible to this situation are economies where the exchange rates are strongly influenced by changes in sentiments of owners of liquid assets.

Research, Financial markets, Capital formation, Capital movements

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