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| Author: | Hall, S. Henry, B. |
| Title: | Prospects for the Euro: Why has it been so weak? |
| Journal: | Economic Outlook
2001 : AUTUMN, VOL. 26:1, p. 11-15 |
| Index terms: | EURO TRENDS ECONOMICS |
| Language: | eng |
| Abstract: | In this article the authors consider the reasons for the Euro's weakness since its introduction and ask what are the likely prospects for a recovery to near-fundamental levels over the medium term. They conclude that the major factor leading to the currency's depreciation since 1999 has been a rise in the risk premium surrounding the Euro. A successful launch of Euro notes and coins may help to eliminate this premium. They also state that the world is still trying to assess the damage done by the terrorist attacks on the US. Uncertainty about the future will remain until the length and success of military action - and the extent of any further terrorist attacks - becomes clear. With little economic data from after the tragedy, the economic picture is still confused. |
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