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The US Dollar and the Euro: Deus Ex-Machina

Lorca-Susino, Maria
Munich Personal RePEc Archive · Reports
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Until the 19th and mid-20th centuries, economic theory explained that the economic status of a country was represented by the strength of its currency. This strength is measured by the exchange rate of one currency vis-á-vis another currency, a “zero-sum” game in which one currency gains what the o
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