The exchange rate of the US dollar fell sharply last year. What part was played by the adverse “fundamentals” of the US economy, the large current account deficit, the country’s heavy foreign indebtedness and the substantial budget deficit? How will the dollar behave in future?

The exchange rate of the US dollar fell sharply last year. What part was played by the adverse "fundamentals" of the US economy, the large current account deficit, the country’s heavy foreign indebtedness and the substantial budget deficit? How will the dollar behave in future?

Aus dem Vorwort: Dieses Buch will die europäische Bankengeschichte im Überblick darstellen. Es sollen Gemeinsamkeiten und Unterschiede in der Entwicklung der Kreditwirtschaft der einzelnen europäischen Länder deutlich gemacht werden und aufgezeigt werden, daß sie auf vielen Gebieten...

I should like to divide my remarks today on the process of European Monetary Integration into three parts. The first is a brief assessment of the progress towards convergence. Under the Treaty, the EMI is assigned an important role in assessing whether countries entering Economic and Monetary...