The impacts of the Euro: an evaluation
Abstract
The introduction of a single currency (euro), in the beginning of 1999, is a historical
event in the international monetary system. This paper evaluates some consequences
of this monetary union concerning the capital markets, performance of Europe, the threat of
the euro in relation to the US dollar as a store of value and possible source of instability in
the exchange markets.
JEL Classification: F45; F42; F33.
Keywords: Euro European Union monetary union economic integration monetary policy