Angielski
The liberalization of capital flows in the last two decades and the enormous increase in the scale of cross-border financial transactions have increased exchange rate movements. Since the real exchange rate is probably the most important price in an open economy, any arrangement that allows frequent and large changes in that price will be disturbing. Thus, as globalization is moving forward, understanding the different impacts of exchange rate volatility on various economic sectors is more important than ever. The relationship between Euro and US Dollar, which are considered as the two international key currencies, is particularly important and interesting at the same time. In this book the author Natalie Nikitin gives answers to the question of how the US Dollar-Euro exchange rate volatility influences the three major economic sectors in the USA, which are trade, labour market and investment. Based on theoretical and empirical findings she explains whether the effects are positive or negative. This book addresses to economists, investors and financiers, politicians, business students, managers and all corporations.
