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Why the euro will soon replace the dollar as the world's reserve currency
24.03.2008
By: Wolfgang Münchau
The predominance of the dollar as the global reserve currency is bound to end in any case. The credit crisis will greatly accelerate that process.
A crisis is in store for Spain's election victor
02.03.2008
By: Wolfgang Münchau
Whoever wins Sunday's Spanish elections will have to sort out a huge mess. Spanish house price are set to fall by 50% in real terms, as the country's bubble-growth model is imploding.
Time for the euro area to become part of the solution
06.02.2008By: Jörg Bibow and Andrea Terzi
It is an outstanding and much ignored fact that an economy similar in size to the U.S. fails to generate domestic demand growth, but relies on exports to kick-start growth instead. Global imbalances have their roots in export-led growth strategies.
Dollar’s last lap as the only anchor currency
27.11.2007
By: Wolfgang Muenchau
Bretton Woods II, one of most influential theories about exchange rates in the age of globalisation is about to go up in smoke. We are in the last long lap of the dollar as the world’s only anchor currency. We do not yet fully comprehend the new era, but it is fair to say that it is not going to be Bretton Woods III.
20.09.2007 Towards $1.50?
09.07.2007 The gentlemen's agreement fails Europe too
14.05.2007 The return of inflation
Eurointelligence Briefing Notes
Is the euro challenging the dollar's role as a global currency?
When the Euro was launched in 1999, there was much speculation among academics and policy makers about whether the euro could challenge, over even overtake, the dollar as an international currency. Toward the end 2006, the euro has indeed become a big international currency, but has so far failed to challenge the dollar’s predominance in the main categories that define it as the world’s premier currency.