Challenges in Global Economy

Nicolae Danila
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Nicolae Danila: Academy of Economic Studies, Bucharest

Theoretical and Applied Economics, 2006, vol. 1(496), issue 1(496), 94-97

Abstract: The article is putting before the reader the main aspects concerning the economic and financial international evolution. The progressive relation between the two major currencies, i.e. the U.S. dollar and the Euro, is to be considered as a starting point. The analysis is carried out within the frame of the basic statements of Lisbon Conference of March 2000. In this context, the analysis focuses on the prospects of the European Union against the USA competition, on one side, as well as China and Russian Federation, on the other side. Meantime, the analysis is emphasizing the main directions for the forecasted development of the markets in the USA, China, Russian Federation and European Union. The final conclusion of the analysis is, however, an “optimistic” one.

Keywords: financial market; Euro; US Dollar; European Union; cross-border; hard currency; exchange rate; parity; currency. (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:1(496):y:2006:i:1(496):p:94-97

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