Is the Euro Undergoing a Crisis?

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F26138077%3A_____%2F13%3A%230000402" target="_blank" >RIV/26138077:_____/13:#0000402 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Is the Euro Undergoing a Crisis?
Original language description
The objective of the paper is to assess, whether there is a euro crisis under way. A currency crisis concept - viewed as a 25% depreciation of the EUR/USD exchange rate - has been applied, together with a crisis concept as a long-term depreciation of theUSD/EUR exchange rate, and finally a crisis as the impaired international role of the euro. The following are examined: share of the euro in foreign exchange reserves, importance of the euro in the financial markets, expansion of the euro as national currency, and application of the euro as reference currency within various exchange rate systems. The paper comes to a conclusion that neither of the aforementioned indicators evidences a euro crisis. However, a potential future crisis may be invoked by adebt crisis within the euro area. This is preconditioned by sufficiently strong fundamental reasons for investor?s skepticism about the debt crisis resolution and ability of the ECB to prevent the euro exchange rate depreciation.
Czech name
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Czech description
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Type
J<sub>x</sub> - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)
CEP classification
AH - Economics
OECD FORD branch
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Publication year
2013
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

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