摘要
SINCE mid 2014 the Eurozone has joined what is popularly known as"currency wars"–to use terminology made famous by Brazil’s former fina nce minister Guido Mantega.Between the beginning of June 2014 and the beginning of March 2015 the Euro’s exchange rate dropped by 18percent against the US dollar.The Euro therefore followed the same path of sharp devaluation earlier pioneered among major currencies by Japan’s yen–
SINCE mid 2014 the Eurozone has joined what is popularly known as＂currency wars＂–to use terminology made famous by Brazil’s former fina nce minister Guido Mantega.Between the beginning of June 2014 and the beginning of March 2015 the Euro’s exchange rate dropped by 18percent against the US dollar.The Euro therefore followed the same path of sharp devaluation earlier pioneered among major currencies by Japan’s yen–
