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Crisis in the Euro Area and the Euro: The Game of Giants - Euro vs. Dollar

Author

Listed:
  • Isabella Sima

    (Academy of Economic Studies)

  • Camelia Marin

    (Academy of Economic Studies)

  • Cristina Tenovici

    (Constantin Brancoveanu University)

  • Elena Nisipeanu

    (Academy of Economic Studies)

Abstract

Sovereign debt crisis in the Euro area, which began officially in Greece, was predicted by over the years for many specialists in the field. It has spread throughout the European continent, spreading it as an epidemic and affecting, as expected, more countries with a weaker economy, even if they were not part of the Euro area. However, its effects were seen in Europe and abroad, in the light of the fact that the single currency is an international currency and any flaw in her immune system makes the confidence the world actors in it to fall ... or not?

Suggested Citation

  • Isabella Sima & Camelia Marin & Cristina Tenovici & Elena Nisipeanu, 2012. "Crisis in the Euro Area and the Euro: The Game of Giants - Euro vs. Dollar," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 2(1), pages 57-64, January.
    • Handle: RePEc:hur:ijaraf:v:2:y:2012:i:1:p:57-64
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    References listed on IDEAS

    as
    1. Elias Papaioannou & Richard Portes, 2008. "Costs and benefits of running an international currency," European Economy - Economic Papers 2008 - 2015 348, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    2. Menzie D. Chinn & Jeffrey A. Frankel, 2008. "The Euro May Over the Next 15 Years Surpass the Dollar as Leading International Currency," NBER Working Papers 13909, National Bureau of Economic Research, Inc.
    3. Richard Portes & Hélène Rey, 1998. "The emergence of the euro as an international currency," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 13(26), pages 306-343.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Camelia Marin & Isabella Sima & Mihaela Ruxanda & Manole Sorin, 2012. "The International Role Of The Euro And Implications On Romanian Gdp. Case Study: Vâlcea County," Anale. Seria Stiinte Economice. Timisoara, Faculty of Economics, Tibiscus University in Timisoara, vol. 0, pages 280-288, November.

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    More about this item

    Keywords

    Sovereign debt crisis; euro; dollar; international currency; supremacy;
    All these keywords.

    JEL classification:

    • F30 - International Economics - - International Finance - - - General
    • F31 - International Economics - - International Finance - - - Foreign Exchange

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