✦ LIBER ✦

Preparing for the euro: What U.S. financial officers need to know

✍ Scribed by Stephen R. Goldberg; Joseph H. Godwin; Susan Work Martin

Publisher: John Wiley and Sons
Year: 1998
Tongue: English
Weight: 877 KB
Volume: 9
Category: Article
ISSN: 1044-8136
DOI: 10.1002/jcaf.3970090409

No coin nor oath required. For personal study only.

✦ Synopsis

The European Union has taken a historic step toward monetary and economic union, creating a single European currency: the euro. How will this affect U.S. companies? What are the management and financial implications? And what should U.S. firms do toprepare for the coming changes? The authorsprovide some answers, as well as several useful checklists.

he European Union took a historic step toward monetary and economic T union at a May 2,1998 summit in Brussels. Leaders officially designated the 11 states of the 15-member union that will first convert to the euro as a single European currency. EU leaders also selected Dutchman Wim Duisenberg for a role that has been described as akin to that of head of the U.S. Federal Reserve Bank to run the supranational European Central Bank, which will oversee monetary policy for what has been dubbed the Eurozone.

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