| ID | 092879 |
| Title Proper | Key currency competition |
| Other Title Information | the Euro versus the Dollar |
| Language | ENG |
| Author | Norrlof, Carla |
| Publication | 2009. |
| Summary / Abstract (Note) | In this article, I investigate whether the euro is set to eclipse the dollar as the world currency. Although the euro has gained in importance at the expense of the dollar in all key currency functions, I argue that it is not about to replace the dollar as the unique currency of global importance. Notwithstanding America's current weakness, I argue that different preferences for monetary and fiscal policy inside the euro-zone, and the need to coordinate these, will make it difficult to accommodate and correct large-scale imports over the long term. I also find that taking on the role of the world's preferred import destination is bound to exacerbate internal differences and complicate decision-making. |
| `In' analytical Note | Cooperation and Conflict Vol. 44, No. 4; Dec 2009: p420-442 |
| Journal Source | Cooperation and Conflict Vol. 44, No. 4; Dec 2009: p420-442 |
| Key Words | Financial Crisis ; Fiscal Policy ; Invoicing ; Monetary Policy ; Oil ; Political Economy ; Price Stability ; Trade ; Trade Deficit |