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International Economics: Theory and PolicyEleventh EditionChapter 21Optimum Currency Areas and the EuroCopyright ? 2018, 2015, 2012 Pearson Education, Inc. All Rights Reserved
Learning Objectives (1 of 2)21.1 Discuss why Europeans have long sought to stabilize their mutual exchange rates while floating against the U.S. dollar.21.2 Describe how the European Union, through the Maastricht Treaty of 1991, placed itself on the road to having a single currency, the euro, issued and managed by a European Central Bank (ECB).21.3 Detail the structure of the ECB, the European System of Central Banks, an
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