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Introduction of the Euro and the Monetary Policy of the European Central Bank

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  • Shigeyuki Hamori

    (Kobe University, Japan)

  • Naoko Hamori

    (University of Marketing and Distribution Sciences, Japan)

Abstract

The Euro area is an extremely unique and important currency area for two reasons. First, it is the single largest currency area to be created in an industrialized region and is important as a test case for regions contemplating the establishment of new currency areas, such as East Asia and North America. Second, it was established by sovereign states working as peers, which, despite various challenges, peacefully and autonomously decided to create a single currency area.

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Suggested Citation

  • Shigeyuki Hamori & Naoko Hamori, 2009. "Introduction of the Euro and the Monetary Policy of the European Central Bank," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 7169, October.
  • Handle: RePEc:wsi:wsbook:7169
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