English, Article edition: The Dollar in the G20 Agnes Benassy-Quere; Amina Lahreche-Revil; Valerie Mignon

User activity

Share to:
 
Bookmark: http://trove.nla.gov.au/version/159797
Physical Description
  • article
Language
  • English

Edition details

Title
  • The Dollar in the G20
Author
  • Agnes Benassy-Quere
  • Amina Lahreche-Revil
  • Valerie Mignon
Physical Description
  • article
Notes
  • The swelling of the United States' foreign debt is weakening the international monetary system and feeding expectations of a long term depreciation of the dollar. The required adjustment of the US current account thus appears as a burden to be distributed between the US and its trade partners, via adjustments in the exchange rate. The greater exchange rate flexibility which the G7 has called for concerns mainly the large emerging economies that are not included in it. The G20 may therefore appear as a forum better suited to furthering international monetary cooperation. This article evaluates the adjustments required, and their distribution within the G20, on the basis of an econometric description of the behaviour of the real exchange rate over the long term. If all countries had gone along with flexibility, then the euro would have been close to its equilibrium rate against the dollar in 2003. But a simulation of Asia’strategy for pursuing monetary stability vis-à-vis the dollar suggests that the euro needed to appreciate a further 10-15%.
  • dollar; key currencies; foreign exchange markets
  • RePEc:cii:cepill:2004-238
Language
  • English
Contributed by
OAIster

Get this edition

Other links

  • Set up My libraries

    How do I set up "My libraries"?

    In order to set up a list of libraries that you have access to, you must first login or sign up. Then set up a personal list of libraries from your profile page by clicking on your user name at the top right of any screen.

  • All (1)
  • Unknown (1)
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.
None of your libraries hold this item.

User activity


e.g. test cricket, Perth (WA), "Parkes, Henry"

Separate different tags with a comma. To include a comma in your tag, surround the tag with double quotes.

Be the first to add a tag for this edition

Be the first to add this to a list

Comments and reviews

What are comments? Add a comment

No user comments or reviews for this version

Add a comment