国际货币体系课件.pptVIP

What Is the Euro? The euro is the single currency of the European Monetary Union which was adopted by 11 Member States on 1 January 1999. These original member states were: Belgium, Germany, Spain, France, Ireland, Italy, Luxemburg, Finland, Austria, Portugal and the Netherlands. 2-* 2.4.3 What are the benefits of Monetary Union Reduce transaction cost and elimination of exchange rate uncertainty Continental capital markets developments Promote political cooperation and peace in Europe 2.4.4 Costs of Monetary Union The main cost of monetary union is the loss of national monetary and exchange