Titlebook: EMU, Financial Markets and the World Economy; Thomas Moser,Bernd Schips Book 2001 Springer-Verlag US 2001 Capital Markets.Eastern Europe.E

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https://doi.org/10.1007/978-3-7091-3664-5 lead to a lower cost of capital for firms that raise capital in euros and encourage greater trading activity. These benefits will be shared by market participants both inside and outside the European Monetary Union (EMU).

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https://doi.org/10.1007/978-3-642-93728-6ange rates with the US dollar. As a consequence, the economies in the European Monetary Union (EMU) have given up a potential means for ab-sorbing asymmetric shocks not only inside EMU, but also with the rest of the world. In other words, a unique euro-dollar exchange rate is less likely to manage s

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