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Hysteresis of exchange rates

Mukund Raj ()

Macroeconomics from EconWPA

Abstract: One of the major economic changes of 2003 is the depreciation of the USD especially against the euro and also against a broadening range of currencies. The continued damage to the USD in the face of improved US economic outlook is similar to the early 2002 scenario when the Euro remained passive to the positive Euro zone outlook.

Keywords: Article on Euro; Euro; Vehicle Currency (search for similar items in EconPapers)
JEL-codes: E (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cba and nep-ifn
Date: 2003-12-03
Note: Type of Document - Word doc; prepared on Win98; to print on HP, Laser; pages: 2; figures: 1. An article on exchange rate movements and Euro.

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http://129.3.20.41/eps/mac/papers/0312/0312001.doc.gz (application/msword)

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Handle: RePEc:wpa:wuwpma:0312001