US Dollar and Euro as Global Currencies

• Authors: Halina Nakonieczna-Kisiel
• Languages of publication: EN

Abstracts

EN

The paper is aimed at presenting the extent to which dollar and euro fulfil particular functions of world money. At the beginning, the author presents theoretical discussion about functions that money should perform in order to be universally used by foreign entities in trade and international finance. Then, the degree to which dollar and euro functioned as world money in the period 1999 - 2007 is subject to verification. Finally, dollar and euro prospects for becoming international currencies are discussed.

Keywords

EN

world money; functions of world money; dollar; euro; measure of value; currency; means of accumulation

• Publisher: Sciendo
• Journal: Folia Oeconomica Stetinensia
• Year: 2009
• Volume: 8
• Issue: 1
• Pages: 154-167

Dates

published

2009-01-01

online

2010-01-15

Contributors

author

Halina Nakonieczna-Kisiel

• Faculty of Economics and Management, University of Szczecin, Mickiewicza 64, 71-101 Szczecin

References

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Identifiers

DOI

10.2478/v10031-009-0018-2