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Operation and Perspective of Euro
DU Hou-wen, SHANGGUAN Yu-shi
2000, (1):
17-23.
DOI:
The operation of Euro has not lived up to people’s expectations.The main factors that account for this are:the global economic deflation,”negligence" of the European Central Bank over the exchange rate of Euro,and direct influence of the Kosowo War on the weakening of Euro.Despite the challenges brought on to Euro from inharmonious economic policies in various countries within the Euro areas,unemployment,unbalance in the process of economic integration and political integration,Euro will undoubtedly promote progress of the European integration,and eventually become the major competitor of the American dollar.
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