The Euro and Its Consequences for Global Capital Markets
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The euro will soon emerge as an important international currency, and its introduction is certain to have profound implications for global capital markets and financial policies. While the shape of the currency itself has become clearly visible, a considerable degree of uncertainty surrounds its ultimate impact on investment and financing decisions.
KeywordsExchange Rate Central Bank European Central Bank European Monetary Union Foreign Exchange Market
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- 1.This article was published in Wirld Economic Affairs, November 1998.Google Scholar