Guidance on triangulation

Article Abstract:

The rules of triangulation, the term for converting one participating currency to another participating currency, pertain to all of the 15 members of the European Union. The rounding regulations pertain solely in relation to a shift between the euro and national denominations, or between national denominations. The conversion and rounding regulations stipulated in the Article 235 Regulation do not have an impact on conversions and deals involving sterling, though they must be complied with for changes which include solely the euro and its national denominations.

Analysis, Laws, regulations and rules, Convertible money, Triangulation, Triangulation (Measurement)

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Is the European capital market ready for the single currency?

Article Abstract:

The extent of capital market integration in the European Ecu government bond market sector is determined using Johansen's (1992) multivariate analysis. The extent of European capital market integration is important because it will be the basis of knowing the preparedness of the market for the single European currency, or the euro. Results indicate that the system of Ecu yields is characterized by a unique, underlying trend. However, the second necessary condition for complete market integration, the zero-sum restriction on the cointegrating vectors, is rejected.

Research, Capital market, Capital markets, Euro (Currency), International economic integration, Economic integration

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No small change

Article Abstract:

The introduction of a single currency market in Europe will significantly affect not only European but global economic affairs as well. The euro, as Europe's single currency, is set to be introduced on January 1, 1999 and will establish the world's largest group of consumers using one currency. This would ultimately lead to European countries exacting a bigger influence on international trade and would also elicit economic cooperation between European countries.

European Monetary System

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