Summary of Experts' Reports Compiled for the Euro Working Group/European Commission - DG XXIV on Psycho-sociological Aspects of the Changeover to the Euro
AbstractThe studies and analyses commissioned focused more particularly on three requirements of the changeover to the euro: the building of confidence in the new currency (on account of the transfer of sovereignty, the disappearance and replacement of national currencies, fears associated with conversion, such as reduced income, price increases or the removal of or reduction in social advantages), the learning of a new monetary code (new scale of values and prices of goods and services, involving in most cases reduction by a complex figure, introduction in some cases of decimals and hundredths, increase in the number of coins and notes and the introduction of notes with much higher denominations), and the reconstruction of a price memory determining consumption trends, bearing in mind the importance, depending on the population category, of these requirements from many aspects (psychological, socio-economic, cultural, legal, etc.).
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Bibliographic InfoPaper provided by Commission of the EEC - Euro Papers in its series Papers with number 29.
Length: 45 pages
Date of creation: 1998
Date of revision:
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Postal: The Directorate-General for Economic and Financial Affairs, Commission of the European Communities, 200 rue de la Loi, 1049 Brussels, Belgium. Maintainer-Name: Thomas Krichel
Fax: +32 2 298.08.23
Web page: http://ec.europa.eu/economy_finance/
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MONEY ; PSYCHOLOGY ; SOCIOLOGY;
Find related papers by JEL classification:
- E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General
- E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System
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