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Author: | Li, Jianyong |
Title: | The influence of the starting of Ecu on world economy (original in Chinese) |
Journal: | Economist (c)
1999 : 1, p.51-57 |
Index terms: | EURODOLLARS INTERNATIONAL CAPITAL MARKET |
Language: | chn |
Abstract: | The emergence of Ecu, a kind of international currency which can contend with dollar, is bound to trigger great changes in international financial system. During the course of Ecu contending with dollar, multi-polar balance will come into being in world financial market. And it will have great long-term or short-term influence on international currency market, stock market and bond market. The coming out of Ecu also will have direct effect on Chinese economy and many problems worth consideration. As a great pioneering undertaking in the international financial history, the start of Ecu involves many aspects. As a result, a series of critical problems are before the countries who use Ecu and European Central Bank. The solution of these problems will directly have a bearing on the formation and development of European united market. |
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