Journal Screenshot

International Journal of Academic Research in Accounting, Finance and Management Sciences

Open Access Journal

ISSN: 2225-8329

Crisis in the Euro Area and the Euro: The Game of Giants - EURO vs. DOLLAR

Isabella Sima, Camelia Marin, Elena Nisipeanu, Cristina Tenovici

Open access

Sovereign debt crisis in the Euro area, which began officially in Greece, was predicted by over the years for many specialists in the field. It has spread throughout the European continent, spreading it as an epidemic and affecting, as expected, more countries with a weaker economy, even if they were not part of the Euro area. However, its effects were seen in Europe and abroad, in the light of the fact that the single currency is an international currency and any flaw in her immune system makes the confidence the world actors in it to fall ... or not?

Chabot, C. (2000). “European currency –Euro”, Teora Publishing House, Bucharest, 2000.
Chinn, M., and Frankel, J. (2008). “The Euro may over the next 15 years surpass the Dollar as leading international currency”, NBER Working Paper no.13909, April 2008.
De Grawe, P. (2010). “Crisis in the Euro zone and how to deal with it”, CEPS – Policy Brief. Thinking ahead for Europe, nr. 204 (February).
Hartmann, P., and Issing, O. (2002). „The International Role of the Euro”, Journal of Policy Modeling 24, North Holland.
Ignat, I. (2002). "European Union-from common market to the single currency", Economic Publishing House, Bucharest.
Ni??, I., Voicu, I., Iuliana, S., & Sima, I. (2009). "Explanatory Dictionary of the European Union", Publishing House, Bucharest.
Papaioannou, E., & Portes, R. (2008). "Costs and benefits of running an international currency," European Economy - Economic Papers 348, Directorate General Economic and Monetary Affairs, European Commission.
Popescu-Mih?e?ti, A., Trana, D. M., Nisipeanu, E. (2010). The International Monetary System: Organizational Rules, concrete historical evolutions, current features; determinants of exchange rates: theories and realities; Applicative study: the binomial euro-dollar-Economy and Education for Knowledge Societies, Craiova, Sitech Publishing House 2010, pp 167-177.
Portes, R., and Rey, H. (1998). “The emergence of the Euro as an international currency”, NBER Working Paper no. 6424, February.
Silasi, G. (1998). "European monetary integration. Between theory and politics", Academic Horizons Publishing House.
Sima, I., Marin, C., Nisipeanu, E. (2011). „Economic Integration, a Dynamic and Contradictory Process”, International Conference "Knowledge society in Europe", University of Tibiscus, Timisoara, 27-May 28.
Stoica, O. (2007-2008). "European monetary and financial Integration – Jean Monnet Lecture".

In-Text Citation: (Sima et al., 2012)
To Cite this Article: Sima, I., Marin, C., Nisipeanu, E., & Tenovici, C. (2012). Crisis in the Euro Area and the Euro: The game of Giants - EURO vs. DOLLAR. International Journal of Academic Research in Accounting Finance and Management Sciences, 2(1), 69–78.