国际经济学20.pptVIP

Chapter 20 Optimum Currency Areas and the European Experience Chapter Organization How the European Single Currency Evolved The Euro and Economic Policy in the Euro Zone The Theory of Optimum Currency Areas The Future of EMU Summary Introduction European Union countries have progressively narrowed the fluctuations of their currencies against each other. This culminated in the birth of the euro on January 1, 1999. This chapter focuses on the following questions: How and why did Europe set up its single currency? Will the euro be good for the economies of its members? How will the euro affect c