Is the Euro Undergoing a Crisis?

Kód výsledku v 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>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

Is the Euro Undergoing a Crisis?

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

Is the Euro Undergoing a Crisis?

Popis výsledku anglicky

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.

Druh

J_x - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2013

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

European Scientific Journal

ISSN

1857-7881

e-ISSN

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Svazek periodika

9

Číslo periodika v rámci svazku

34

Stát vydavatele periodika

PT - Portugalská republika

Počet stran výsledku

12

Strana od-do

71-82

Kód UT WoS článku

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EID výsledku v databázi Scopus

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