US Dollar has always maintained its leadership position when it comes to the foreign exchange reserves held by different nations. It has also always maintained its leadership position as a safe haven currency. Between 1995 to 1999 the global Forex reserves in US Dollars increased continuously from 59.0% to 70.9% of the total reserves in all the other currencies. A substantial increase of over 20%. During those times the German Mark was the second in race in this regard but moved down from 15.8% in 1995 to 13.8% in 1999. Practically US Dollar did not have any fair competition. Whenever there was any global turmoil, people used to turn Lululemon back to USD as a safe resort, http://www.lululemonathleticasale.com/ the so called safe haven. Don't we see that things are changing? The world has been in big turmoil, economic, political and natural disasters recently. The biggest recorded earthquake in Japan and the Tsunami. Conflicts in the Middle East, debt crisis in Europe and in general the shaken economies globally. And how the US Dollar has been performing? Well, it getting weaker. It's going down against other major currencies. There has been a continuous debate about the Euro and doubts have been getting raised continuously about the feasibility of Euro as the common currency of such lululemon sale diversified set of countries with major cultural and economic and other differences. But what brought Euro in the existence was the objective of achieving better stability of the currency by avoiding varying interest rates in the different member nations, better credibility of a single currency in a large zone, ease and savings for consumers for buying things from across the national borders or while traveling out of the national border inside the Euro zone, large savings and better predictability for the exporters trading inside the Euro zone and even outside, same better predictability for the outside importers for importing Euro zone goods and ability to maintain a lower interest rate and possible better control over inflation across the Euro zone countries. Well, the fear of diversity has been one debating point against many possible benefits. Let try to see how Euro has done against all these debates. In 1999 the share of Euro in the total global foreign exchange reserves was 17.9%. There has been almost a continuous growth in Euro share since then in 2010 the Euro share was over 26% in 2010. The share of Euro grew by almost 47% as a reserve currency while American Dollar's share dropped by over 13% during the same period of time. Fear of diversity for the feasibility of Euro: Which economy does not have diversity? From different geographical areas inside an economy which could differ in a great way in their strength of economy to individual levels i.e. rich people to people below poverty line to young and productive people and people who are not productive and need governmental support. Eurostat and US Bureau of Labor Statistics analysis shows that the euro area growth dispersion has been broadly similar to that for the US states. Also the European Commission (Autumn 2010 Forecast) and US Bureau of Economic Analysis for dispersion of inflation across the euro area and the US, based on the unweighted standard deviation shows a quite stable dispersion of HICP (harmonized index of consumer prices) for the initial 12 countries of Euro-zone has been quite stable since 1999 and has been similar to the 14 US Metropolitan Statistical Areas. This increased a bit higher in 2009 and early 2010 but nothing which can be seen as dangerous and the in the later half of 2010 it was back to the level of the past decade. Add the 4 new member countries in the Euro zone from 2007 to 2009 and we see that the dispersion of inflation is close to the levels of initial 12 members?bloke. What are the chances for the Euro to be considered as a safe currency of the future and to have the status what US Dollar and Swiss Franc claim today as the safe haven currency? I would certainly think that Euro stands very good chances. It is composed by zhanhong1 2013-01-21 lululemon sale.
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http://zhanglab.ccmb.med.umich.edu/bbs/?q=node/1231
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