THE EURO ALSO RISES

Bala Batavia, Parameswar Nandakumar () and Cheick Wague
Additional contact information
Bala Batavia: DePaul University
Parameswar Nandakumar: Indian Institute of Management Kozhikode
Cheick Wague: Sodertorn University of Stockholm

No 47, Working papers from Indian Institute of Management Kozhikode

Abstract: It may seem now as if prophesies for a displacement of the dollar from its position of pre-eminence in the global economy were premature. However, the last word is not said yet on the rise of the euro In this paper, a fresh look is taken at the prospects for the euro emerging as the main vehicle and reserve currency in the world, looking in particular at the role of European financial markets and developments in the emerging markets of Asia. Output growth in the euro area and in the United States will have adecisive impact as well. The paper highlights the role of some key factors, not really taken up in related discussions thus far, which can influence the long-run global influence of the euro area economy relative to the U.S. Alternate energy source use scenarios and continued trade and financial integration in the euro area as well as in Asia are pointed out as having crucial impacts on the global role of the euro in the future.

Pages: 1 page
Date: 2009
References: Add references at CitEc
Citations:

Downloads: (external link)
https://iimk.ac.in/websiteadmin/FacultyPublication ... ers/47fullp.pdf?t=45 First version, 2016 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:iik:wpaper:47

Access Statistics for this paper

More papers in Working papers from Indian Institute of Management Kozhikode IIMK Campus PO, Kunnamanagalam, Kozhikode, Kerala, India -673570. Contact information at EDIRC.
Bibliographic data for series maintained by Sudheesh Kumar ().