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What are the Implications of a Weaker Dollar?
Author(s) -
Wiley-Blackwell Publishers
Publication year - 2002
Publication title -
economic outlook
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.1
H-Index - 8
eISSN - 1468-0319
pISSN - 0140-489X
DOI - 10.1111/1468-0319.00348
Subject(s) - liberian dollar , surprise , depreciation (economics) , economics , monetary economics , us dollar , shock (circulatory) , exchange rate , finance , market economy , psychology , social psychology , medicine , capital formation , financial capital , human capital
The dollar has finally fallen to below parity against the euro. Such a depreciation has long been expected but, for all that, the suddenness of this fall — triggered by a loss of confidence in US equities in the wake of recent accounting scandals — has been a surprise. This article explores the impact of that shock on the prospects for the global recovery.