European Monetary Union and Capital Markets

by J. Jay Choi and Jeffrey M. Wrase

To form a more perfect economic union and to establish a single market financially, economically and politically, 11 European countries founded a common currency and a European Central Bank, and created a new monetary unit, the euro, on 1st January, 1999. On that date, the old national currencies officially became subunits of the euro, much as the nickel and quarter are subunits of the dollar. Fifteen countries started down the road to monetary union...

• Format: Hardcover
• Language: English
• ISBN: 0762308303
• ISBN13: 9780762308309
• Release Date: December 2001
• Publisher: Jai Press Inc.
• Length: 288 Pages
• Weight: 1.28 lbs.
• Dimensions: 0.7" x 6.1" x 9.2"