=+currencies of 11 European Union members, including France, Germany, Italy, and Spain (but not Britain; see Chapter
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=+currencies of 11 European Union members, including France, Germany, Italy, and Spain
(but not Britain; see Chapter 20). Do you think that, immediately after the euro’s introduction, the value of foreign exchange trading in euros was greater or less than the euro value of the pre-1999 trade in the 11 original national currencies? Explain your answer.
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International Economics
ISBN: 9780132146654
9th Edition
Authors: Paul R. Krugman, Maurice Obstfeld, Marc Melitz
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