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/methodology/approach: We formulated the following hypothesis: Depreciation of the Euro versus American dollar exchange rate occurred in the … period of financial and fiscal crisis (2008-2014). The main reasons for that included: fiscal crisis in the euro area …, implementation of standard and non–standard (quantitative easing) ECB monetary policy measures and growth of money supply in the euro …
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Before the crisis of 1997-98, the East Asian economies except for Japan but including China pegged their currencies to the U.S. dollar. To avoid further turmoil, the IMF now argues that these currencies should float more freely. However, our econometric estimations show that the dollar's...
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