Pub. Date:
Taylor & Francis
The Euro and the Dollar in a Globalized Economy / Edition 1

The Euro and the Dollar in a Globalized Economy / Edition 1

by Pedro Gomis-Porqueras, Joaquin Roy
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The dollar has been the dominant currency of the world economy for almost a century; since 2002, the euro has gained widespread international acceptance resulting in important institutional, economic and financial changes both for the euro zone, the United States and the world economies, affecting foreign exchange and financial markets as well as economic activities around the world. In years to come, the international role of the euro will hinge on the validity of the fundamental idea underlying its creation, namely that important components of sovereignty can be pooled and shared among nations in the pursuit of common economic and political objectives. This key book assesses the international role of the euro, discusses its impact on global financial markets, shifting global exchange rate relationships and their implications. With input from various disciplines (economics, business and political science), it foments discussions intended to facilitate an exchange of ideas among academics, practitioners and the local business community.

Product Details

ISBN-13: 9780754671534
Publisher: Taylor & Francis
Publication date: 10/30/2007
Edition description: 1
Pages: 256
Product dimensions: 6.25(w) x 9.25(h) x 19.00(d)

About the Author

Professor Joaquín Roy is Director of the European Union Center, University of Miami, USA. Pedro Gomis-Porqueras is Professor of Economics at the University of Miami, USA.

Table of Contents

Contents: Preface; Part I The Euro, This Unknown!: Introduction to the dollar and the euro, Pedro Gomis-Porqueras; 7 years with the euro, Joaquín Almunia; A financial and politically symbolic tool, Joaquín Roy. Part II The Euro-Dollar Exchange Rate: A Puzzling Relationship: Euro-dollar puzzles, Kurt Hübner; Euro-dollar: an holistic view of the economy, Hans Martens. Part III The International Role of the Euro: Living up to expectations? Taking stock in the international role of the euro, J. Onno de Beaufort Wijnholds and Julie McKay; Is the euro ready to play the global currency role?, Miriam L. Campanella; Enlargement and the international role of the euro, Benjamin J. Cohen. Part IV The Euro and the European Economic Governance: Running an enlarged eurozone. Reforming the ECB governing council: efficiency, representation and national economic interest, David Howarth; The political economy of eurozone enlargement: the motives, prospects and implications for the EU and its member states, Ramunas Vilpisauskas; The euro and economic reforms: the case of Spain, Sebastißn Royo. Part V The Euro in the Global Economy:Global imbalances and the need for policy adjustment, José Manuel Gonzßlez-Páramo; The euro and developing countries, Francesc Granell; Currency crises and institutional changes in Latin America: lessons from Mexico, Angel Calderón-Madrid. Conclusions: Is there a future for the euro in the global economy?, Pedro Gomis-Porqueras and Joaquín Roy; Index.

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