Discuss the status of the euro and the yuan in international finance and trade and the stren

As the United States gained economic power and political influence relative to Great Britain after World War II, the dollar emerged as the key currency in international use, replacing the pound sterling. Some observers believe that the dollar might in turn eventually be supplanted in international use by another currency. The mark and yen both gradually rose in prominence in the 1970s and 1980s at the expense of the dollar. This trend, however, fizzled outing the 1990s.A new challenge was created on the first day of 1999 when the euro, the currency of the European Monetary Union (EMU) was born. The euro has now fully replaced the Deutche mark, French franc, and ten other European currencies as well. An increasing number of countries now hold reserves in euros and issue debt denominated in it. Because the euro has become the home currency among a set of countries that are collectively almost as large as the United States, it could aspire eventually to rival the dollar as an international currency. China’s emergence as an economic superpower imposes another threat to the dominance of the U.S. economy, and the dollar’s status as the vehicle currency could also be challenged by the yuan, the currency of China. Some countries have begun to use the yuan in their international transactions. The dollar is still enjoying its dominant position in international real and financial transactions. The choice of currency is based not only on the current relative importance of the respective countries in the world economy, but also on the relative use of the various currencies in the recent past. It has been estimated that roughly 60 percent of U.S. dollars are held abroad. Like the English language, people will continue to use the dollar internationally as long as the U.S. economy maintains its superiority in the world economy. Discuss the status of the euro and the yuan in international finance and trade and the strengths and weaknesses of the dollar as the leading currency. Do you think that the euro or yuan will eventually supplant the dollar?

Don't use plagiarized sources. Get Your Custom Essay on
Discuss the status of the euro and the yuan in international finance and trade and the stren
Get an essay WRITTEN FOR YOU, Plagiarism free, and by an EXPERT!
Order Essay
Homework Market
Order a unique copy of this paper
(550 words)

Approximate price: $22

Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Since all our papers are written from scratch, the papers we submit are plagiarism free and we strictly adhere to lecturer’s instructions. Our writers are highly qualified from all over the world and include graduates and professors from most of the largest and known universities in the world. Once you have assigned us your assignment, we select the most qualified and reliable writer to handle your assignment.

Money-back guarantee

Unlike other writing companies, we encourage clients to draw back their money at any stage of the writing process if they experience any uncertainties with the quality of generated content. However, you will hardly have to make this decision because of our business approach that suits your needs.

Zero-plagiarism guarantee

We have an advanced plagiarism-detection system that flags any work that fails to meet the required academic expectations. Our company thrives in honesty, and as such, you will be guaranteed to achieve a paper that meets your expectations.

Timely delivery of urgent papers

At homeworkpaper.org we have online agents that you can chat with to have your assignment taken care of with the little remaining time. Also, we have professional academic writers who will work on your assignment providing you with a high-quality paper at the same time. We can take care of your urgent assignments in less than 5 hours.

Privacy policy

We uphold confidentiality and privacy through our interactions with clients, an aspect that has enhanced our relationship with prospective customers seeking for assignment help. We do not disclose your information with third-parties; neither do we share your work with any other person apart from you.

We do not offer pre-written essays

We do not resell previously-done tasks delivered to other clients. When we deliver orders to our clients, we safeguard their privacy and confidentiality by ensuring the third party does not access the work. By writing the papers from scratch, we have managed to maintain a certain level of originality, which defines our business model. Our qualified editors proofread all submitted work to eliminate mistakes that can interfere with the credibility of the assignment.

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
The price is based on these factors:
Academic level
Number of pages