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Abstract

On January 1, 1999, eleven European countries introduced a new European currency, the euro, which by mid-2002 will lead to the complete withdrawal of their existing national currencies. This change is a bold monetary experiment of unprecedented magnitude. It will require substantial changes both in the execution of day-to-day economic transactions and in the overall functioning of European economies. An enormous amount of effort has been devoted to making the change as smooth as possible and to understanding the consequences of the change within Europe.

Keywords

Exchange Rate European Union Network Externality National Currency Monetary Authority 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media New York 2000

Authors and Affiliations

  • Richard N. Cooper

There are no affiliations available

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