... with the euro in both the near and more distant future. DOING BUSINESS WITH THE EURO 4II. THE EURO, THE YEN, THE RENMINBI, AND THE DOLLAR: PORTFOLIOSHIFTS AND CAPITAL ACCOUNT BALANCES The f irst ... 2005, the RAND Corporation, with the support of the Delegation of the European Commission to the United States, organized a conference in Pittsburgh, Pennsylvania,on Doing Business with the Euro: ... RAND DOING BUSINESS WITH THE EURO 10 The long-term stability of the euro in terms of inflation and exchange rates—willdepend upon the credibility of the ECB more than on the fulfillment of the...