Chapter 13 - Assignment 3: The Euro
Read Peter Gerardo's article entitled: "Forum on European Monetary Union Addresses American
Anxieties." (This article appeared in the July/August 1997 issue of State Bar News, a publication of the New York State Bar Association.)
- Under the existing plan, what will happen to the existing currencies
of participating countries beginning on January 1, 1999?
- What is the concern expressed about the "standard of deferred payment" role played
by existing European currencies?
- What are the advantages of replacing national currencies with a single currency?
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