The Euro versus the U.S. dollar: an overview

The creation of the euro will prove to be a remarkable development in international relations and carries far-reaching implications for the international monetary system. The objectives of this paper are four-fold. The first objective is to provide a brief overview of previous monetary unions in Eur...

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Bibliographic Details
Published in:Journal of world business : JWB 1999, Vol.34 (2), p.171-192
Main Author: Kaikati, Jack G
Format: Article
Language:English
Subjects:
Dollar
Dollar (United States)
Euro
Euro (Currency)
European Monetary System
History of international relations
International aspects
International economic integration
International monetary system
International relations
Management
Monetary unification
Single European market
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Summary:The creation of the euro will prove to be a remarkable development in international relations and carries far-reaching implications for the international monetary system. The objectives of this paper are four-fold. The first objective is to provide a brief overview of previous monetary unions in Europe. It covers three surviving monetary unions and two that failed. The second objective is to provide a review of major developments leading to the creation of the euro. The third objective is to analyze the opportunities and threats associated with the euro. The fourth objective is to provide an overview of the on-going debate as to whether the euro will be a serious challenger to the U.S. dollar.
ISSN:1090-9516
1878-5573
DOI:10.1016/S1090-9516(99)00015-2