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Strategies & Market Trends : Currencies and the Global Capital Markets -- Ignore unavailable to you. Want to Upgrade?

To: maceng2 who wrote (3204)	1/3/2002 11:45:56 AM
From: Ahda	Read Replies (2) \| Respond to of 3536

Do you think the problems with Argentina (currency pegged to the dollar) would have occurred if there was a single world currency? washingtonpost.com That is one doozer of a question. The strength of the US dollar in other nations be it because of reduced labor costs combined with increased savings due to dollar variance would then become only the labor rate value of the unit, variance would then be only in costs in different geographical locations based on supply and demand. Apparently Argentina was strangled due to the peg and the inability to print her way out. If there was one single world currency I wonder what the percentage factor of reduction of business would be to all industry connected to currency trade. World recession VBG