欧元区与美元区竞争力分析

“布雷顿森林体系”崩溃之后的许多年中，美元在全球经济中一直扮演着新的“硬通货”的角色，但1999年初欧元的启动却撼动了这一局面，欧元作为新的国际贸易支付手段和可选外汇储备币种，凭借欧盟的强大经济支持，成为学界和操作界都看好的能与美元相抗衡的唯一币种。本文从分析欧元运行以来的绩效开始，探讨了影响欧元美元竞争力的内部结构性因素及欧盟采取的货币政策，并对未来两大币种的竞争发展态势做了预计。

Analysis on competitiveness between euro-zone and USD-zone

USD has been the world's hard currency for years since the breakdown of Bretton Woods System. But the debut of Euro on world currency stage makes some differences. As new payment means for international trade and new currency for foreign exchange reserves, Euro has gained highlight from both academic and practical fields based on EU's strong economic support. This paper analyzes Euro's performance since its coming into being, discusses some structural factors affecting both currencies' competitiveness together with EU's currency policies, and makes some expectations on their future.