A Comprehensive Study on the eastern enlargment of the EU and the Euro as an international currency

欧盟东扩与欧元国际货币综合研究

基本信息

批准号：
14330026
负责人：
TANAKA Soko
金额：
$ 6.78万
依托单位：
CHUO UNIVERSITY (2004)Tohoku University (2002-2003)
依托单位国家：
日本
项目类别：
Grant-in-Aid for Scientific Research (B)
财政年份：
2002
资助国家：
日本
起止时间：
2002 至 2004
项目状态：
已结题

项目摘要

The euro became the legal tender in the twelve countries of the European Union in 2002 and the ten countries in Central and Eastern European countries (CEECs) etc. became the members of the Union in May 2004. Does the euro become a global international currency tantamount to the US dollar or a regional international currency in Europe? Firstly, the research team investigated how the euro was used on the foreign exchange markets in the world. Secondly, it investigated how the eastern enlargement could effect on the use of the euro as an international currency in CEECs. In 2003, the investigators published a book titled "the euro and the international currency system". The conclusions of the book was as follows: Based on the trennial foreign exchange survey published by the BIS and the other central banks participating in the investigation, the investigators showed that the euro was surely a regional international currency in Europe and the Euro time zone. Secondly, they drew the conclus … More ion that the character of the euro as a regional international currency would not change in the foreseeable future. Because the euro does not enjoy the surroundings. The Deutsche mark became a European international currency in the 1990s with the help of the stable foreign exchange rate mechnism in the European Monetary System. Surrounded by the wealthy nations, the D-Mark worked mainly as a vehicle currency in Europe. Though the euro is also a regional international currency, it cannot enjoy such wealthy countries in its surroundings. On the global scene, the US dollar will be able to enjoy its global internationla currency because of the inetia effect of the international currency and its network externalities. So, the euro will not be invade the dollar arena. Thirdly, the euro will strengthen its role as an international currency in the CEECs based on the close economic connection with the CEECs. The euro is a political currency on the agreement of the EU nations and an aritificial currency without state which manage the euro. So, the CEECs will join the euro area in the near future. The euro area will enlarge, but the euro as an international currency will weaken itself because the CEECs will not use the euro as an international currency any more.However. the Euronean monetary cooperation based on the ERM and the ECU will give suggestions to a coming Less

欧元于2002年成为欧盟12个国家的法定货币，中东欧国家等10个国家于2004年5月成为欧盟成员国。欧元是否等于成为全球性国际货币首先，研究小组研究了欧元在世界外汇市场上的使用情况；其次，研究了东扩对欧元作为欧元的使用有何影响。国际货币在2003年，调查人员出版了一本题为《欧元与国际货币体系》的书，该书的结论如下：基于国际清算银行和参与调查的其他央行公布的三年期外汇调查。其次，调查人员得出的结论是，欧元作为欧洲和欧元时区的区域性国际货币，在可预见的将来不会改变。欧元没有德国马克在20世纪90年代借助欧洲货币体系稳定的汇率机制成为欧洲国际货币，在富裕国家的包围下，德国马克主要作为欧洲的工具货币。欧元虽然也是区域性国际货币，但在全球舞台上却无法享受到周边富裕国家的待遇，而美元却能因为国际货币的惯性效应而享有其全球性国际货币的地位。因此，欧元不会入侵美元舞台。第三，基于与中东欧国家的密切经济联系，欧元将增强其作为中东欧国家国际货币的地位。因此，中东欧国家将在不久的将来加入欧元区，但欧元作为国际货币将削弱，因为中东欧国家不会。使用欧元不再作为国际货币。然而，基于ERM和ECU的欧洲货币合作将为未来的发展提供建议。