The Influence of the American Dollar on International Trade
Gulyaeva, Ekaterina (2014)
Saimaan ammattikorkeakoulu
2014
Creative Commons Attribution-NonCommercial 1.0 Finland
Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2014053111200
https://urn.fi/URN:NBN:fi:amk-2014053111200
Tiivistelmä
The purpose of this research was to analyze the influence of the American dollar on global international trade. A special attention was paid to studying the possible influences of the US dollar devaluation on international trade.
This study is a combination of theory, theory analysis and analysis of interviews. Secondary data was utilized as the main source of information. The theoretical findings and analysis are supported by a quantitative research. The data was collected by a structured interview and questioner. The representatives of three companies and one university were interviewed.
The results of this study show that a sharp devaluation of the American dollar is unlikely to happen, while a gradual devaluation is going on during several years. The consequences of the sharp devaluation of the US dollar may be serious for international trade. The trade deficit in the USA would grow considerably, the US dollar may stop being world reserve currency. The purchasing power of the American dollar would decrease; new global international trade currency may rise.
This study is a combination of theory, theory analysis and analysis of interviews. Secondary data was utilized as the main source of information. The theoretical findings and analysis are supported by a quantitative research. The data was collected by a structured interview and questioner. The representatives of three companies and one university were interviewed.
The results of this study show that a sharp devaluation of the American dollar is unlikely to happen, while a gradual devaluation is going on during several years. The consequences of the sharp devaluation of the US dollar may be serious for international trade. The trade deficit in the USA would grow considerably, the US dollar may stop being world reserve currency. The purchasing power of the American dollar would decrease; new global international trade currency may rise.