Download or read book Weak Dollar, Strong Euro? written by C. Fred Bergsten and published by . This book was released on 1998 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: According to Fred Bergsten, the euro is set to topple the dollar from its position as dominant global currency, or at least match it. He suggests that the combination of EU governments pursuing quite lax fiscal policies, and a European Central Bank keen to assert its anti-inflationary credentials will drive up the value of the euro. International investors will shift billions of dollars into euros, provoking exchange-rate fluctuations and new protectionist pressures on both sides of the Atlantic. Bergsten argues the case for exchange rate targets as a means of ensuring some stability among the world's major currencies.