In recent weeks there has been increasing speculation that the movement towards a single currency in the European Monetary Union (EMU) will be delayed or even abandoned (Kamm and Steinmetz, 1997). The purpose of this analysis will be to first describe the economic steps which have already been...
【答案】：货币联盟是固定汇率制度的变种，是指一些国家采用共同的货币，从而将成员国之间的货币汇率固定下来。1787年13个美洲殖民地建立的美利坚合众国是最早的货币联盟之一, 它们放弃了自己的货币，选择了美元。欧洲货币联盟是最近的货币联盟，它成立于1999年1月，11个创始成员国采用了一种新的共同货币，...
International Journal of Business Strategy Wague, Cheick "European Monetary Union and the Optimal Currency Area Theory : The Competitiveness Gap Within The Eurozone", International Journal of Business Strategy, Vol:12, No:2, (2012), pp. 63 - 74...
The European Currency Unit (ECU) was the official monetary unit of theEuropean Monetary System (EMS)before it was replaced by theeuro. The value of the ECU was used to determine the exchange rates and reserves among the members of the EMS, but it was always an accounting unit rather than ...
exchange rate- the charge for exchanging currency of one country for currency of another rate of exchange charge per unit,rate- amount of a charge or payment relative to some basis; "a 10-minute phone call at that rate would cost $5" ...
The Belgian franc was adopted by Belgium in 1832, after independence. The Luxembourg franc was adopted in 1848 in place of the Dutch guilder. In 2002 the franc ceased to be legal tender in France, Belgium, and Luxembourg after the euro, the monetary unit of the European Union, became ...
(Currencies) European Currency Unit: a former unit of currency based on the composite value of several different currencies in the European Union and functioning as both the reserve asset and the accounting unit of the European Monetary System; replaced by the euro in 1999 écu (eɪˈkjuː...
A currency union is when a group of countries (or regions) use a commoncurrency. For example, eight European nations created theEuropean Monetary Systemin 1979. This system consisted of mutually fixed exchange rates between member countries. In 2002, twelve European countries agreed to a common ...
Adoption of the single currency has proven to be more costly for the economies which are structurally divergent from the core euro area economies (Germany, France, Italy). In this study I analyze the opportunity of a country to be part of the European Monetary Union on the basis of optimum...
European monetary unitEuropean Currency UnitMonetary policyThe European community has been making a diligent effort to establish a common currency to enhance its position in the world marketplace. Though efforts have been quite exhaustive, few outside the continent have a clear understanding of what ...