The Euro: A Currency of 300 Million PepleSerge K. Gunyé Nova Publishers, 2004 - 113 pages On 1 January 2001, the Euro became the official, circulating currency of twelve of the fifteen nations of the European Union, replacing such national currencies as the franc, the mark, and the lira. It becomes the currency of just over 300 million people encompassing an economic area with a GDP of USD5.2 trillion. The common currency is a pivotal step in the economic integration of participating European Union member states. A successful European common currency may also provide a challenge to the dollar as the world's reserve currency. The book presents issues and analyses related to this new and powerful currency. Contents: Preface; The Euro; The Euro Currency: How Much Could It Cost the United States?; The Euro: Implications for the United States -- Answers to Key Questions; Tracking of Business Attitudes to the Euro: The First Year After its Launch; The Impact of the Changeover to the Euro on Community Policies, Institutions and Legislation; Index. |
Contents
THE EURO | 17 |
THE EURO CURRENCY HOW MUCH COULD IT COST THE UNITED STATES? | 23 |
THE EURO IMPLICATIONS FOR THE UNITED STATES ANSWERS TO KEYS QUESTIONS | 31 |
THE IMPACT OF THE CHANGEOVER TO THE EURO ON COMMUNITY POLICIES INSTITUTIONS AND LEGISLATION | 85 |
MEETING IN THE COMPOSITION OF HEADS OF STATE OF GOVERNMENT | 95 |
INDEX | 107 |
Common terms and phrases
abroad according achieved activities addition adopted amount assets average become billion bonds capital changeover changes circulation coins Commission Community companies conducting continue convergence cost Council criteria debt Decision deficit denominated designs Developments direct dollar domestic economic effect ending ending in January ESCB established euro area countries euro banknotes Europe European Central Bank European Monetary European Union exchange rate existence expected Federal Reserve financial markets foreign exchange four France Germany Greece growth held hold implications important increase inflation initiative institutions interest introduction investment issues Italy January join legislation Luxembourg Member monetary policy Monetary Union national central banks national currencies necessary notes official organized participating percent period political produced reference value Regarding regulation requirements responsible role sector securities share single currency stability Statute structural Sweden System trade transactions Treaty United
Popular passages
Page 1 - Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal, and Spain-is now the euro.