Publikationen der Stiftung → TTIP or transatlantic currency cooperation? Titel
Publikationen der Stiftung → TTIP or transatlantic currency cooperation?
Titel
Titelaufnahme
Titelaufnahme
- TitelTTIP or transatlantic currency cooperation?
- OriginaltitelTTIP oder transatlantische Währungskooperation?
- Verfasser
- Körperschaft
- Erschienen
- Umfang1 Online-Ressource (4 S.)
- SpracheEnglisch
- SerieWISO direkt
- DokumenttypDruckschrift
- Schlagwörter
- Geografika
- ISBN978-3-95861-129-0
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Zusammenfassung
Trade between the United States and the European Union is modest; internal European trade is much more substantial. While TTIP is a controversial issue, there is little discussion of another, probably much more serious obstacle to trade than tariffs and non-tariff barriers: the sharply fluctuating euro/dollar exchange rate. These fluctuations have nothing to do with economic fundamentals, much more to do with speculation; they distort transatlantic trade and capital flows. Currency cooperation between the Federal Reserve and the ECB could substantially reduce these fluctuations and so boost growth and employment.