This key book assesses the international role of the euro, discusses its impact on global financial markets, shifting global exchange rate relationships and their implications.
Purpose: The purpose of this paper is to answer the following question: How did the standard and non-standard ECB policy measures influence the price level and the EUR/USD rate of exchange in the period 2008-2013?
... EUR-USD is trading at a spot rate of S t = 1.20 today. A German car manufacturer exports 100 million USD worth of vehicles to the U.S. These vehicles will take 1 year to sell and therefore the exporter wishes to sell USD in exchange for ...