EURO, ACTOR ON THE INTERNATIONAL MONEY MARKET
Accepted
25 March 2026
Available Online
15 March 2013
Abstract
ON THE INTERNATIONAL SCENE, THERE IS ALWAYS A STRUGGLE FOR SUPREMACY BETWEEN THE MAJOR POWERS OF THE WORLD. ONE OF THE MEASURES WHICH QUANTIFIES THIS POWER IS THE CURRENCY. IN THE PRESENT WORK WE WANTED TO FIND OUT WHICH IS THE PLACE IT OCCUPIES ON THE INTERNATIONAL CURRENCY EURO. THUS, WE HAVE CHOSEN TO ANALYZE A NUMBER OF RELEVANT INDICATORS. AFTER ANLIZEI WE CAME TO THE CONCLUSION THAT THE EURO STILL OCCUPIES THE SECOND PLACE AS THE CURRENCY OF INTERNATIONAL IMPORTANCE, BEING RANKED AFTER THE US DOLLAR, BUT ESPECIALLY WITH REGARD TO TRADE, THE SINGLE EUROPEAN CURRENCY TENDS TO GAIN GROUND DESPITE ASYMMETRIC SHOCKS TO WHICH IT IS EXPOSED.
Keywords
MONEY MARKET
EURO
DOLLAR
INTERNATIONAL CURRENCY
SUPREMACY
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