Publication
26 Nov 2009
The recent decline of the dollar against major currencies such as the euro and the Japanese yen has been spectacular. Even more spectacular, but often forgotten, is the long-run decline of the dollar against the major currencies in the world. Since 1960 the currency has lost two thirds of its value against the Japanese yen, the Swiss franc and the German mark (since 1999, the euro).
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English (PDF, 2 pages, 105 KB) |
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Author | Paul de Grauwe |
Series | CEPS Commentaries |
Publisher | Centre for European Policy Studies (CEPS) |
Copyright | © 2009 Centre for European Policy Studies (CEPS) |