European Tribune - Comments - To eurozone: leadership sucks, you don't need it. Right.

To eurozone: leadership sucks, you don't need it. Right. | 37 comments (37 topical, editorial, 0 hidden)

Re: To eurozone: leadership sucks, you don't need (none / 1)

Are they suggesting a linear change from dollar to euro?

by Colman (colman at eurotrib.com) on Tue Nov 27th, 2007 at 01:52:56 PM EST
[ Parent ]

Re: To eurozone: leadership sucks, you don't need (none / 1)

Most of their scenarios predict a gradual change, but the one with the UK joining EMU around 2020 leads to a fast, significant change. Look for the graphs at the end of the paper.

"If you know your enemies and know yourself, you will not be imperiled in a hundred battles." Sun Tzu

by Turambar (sersguenda at hotmail com) on Tue Nov 27th, 2007 at 02:10:51 PM EST
[ Parent ]

Re: To eurozone: leadership sucks, you don't need (4.00 / 2)

Surely the transition from one reserve currency to the other would be highly unlikely to be smooth since it seems very likely to snowball as the herd changes from one to the other. Is there some form of inertia here ? Long-term bonds or something?

by Colman (colman at eurotrib.com) on Tue Nov 27th, 2007 at 03:18:49 PM EST
[ Parent ]

Re: To eurozone: leadership sucks, you don't need (none / 1)

The "gradual change" I mentioned was not meant as a total transition from dollar to euro, the dollar stays on top in these scenarios, the herd goes along and the euro never gets above a certain treshold. So, I wasnt really answering your question, I realize.

In the transition scenario, its not smooth at all.

"If you know your enemies and know yourself, you will not be imperiled in a hundred battles." Sun Tzu

by Turambar (sersguenda at hotmail com) on Tue Nov 27th, 2007 at 03:40:00 PM EST
[ Parent ]

Re: To eurozone: leadership sucks, you don't need (4.00 / 3)

Oh, ok. They're very brave to be making predictions about such things until 2022!

by Colman (colman at eurotrib.com) on Tue Nov 27th, 2007 at 03:41:10 PM EST
[ Parent ]

To eurozone: leadership sucks, you don't need it. Right. | 37 comments (37 topical, 0 editorial, 0 hidden)

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