ECU in business: how to prepare for the single currency in the European Union
Saved in:
| Main Author: | |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
London u.a.
Graham & Trotman
1994
|
| Edition: | 1. publ. |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | 251 S. Ill., graph. Darst. |
| ISBN: | 1859660827 |
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| 245 | 1 | 0 | |a ECU in business |b how to prepare for the single currency in the European Union |c Ralph J. Mehnert-Meland |
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Record in the Search Index
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| adam_text | TABLE OF CONTENTS
Introduction 1
Part I Basic Scenario 5
A. The Transaction 6
B. The Status Quo 8
C. Step 1: The Interim System 8
D. Step 2: The Single EU Currency 10
Part II The Current Monetary System in the European Union 13
A. History of Monetary Union in the EU 14
B. The European Monetary System 15
1. The Basic System 16
2. Technical Features 17
C. Problems in the EMS 19
1. 1992 Currency Crisis 19
2. 1993 Currency Crisis 20
Part III Costs of the Current System 23
A. Foreign Exchange Transaction Costs 24
1. Direct Expenses 25
2. Indirect Expenses 27
B. Costs of Exchange Rate Uncertainty 28
Part IV The Ecu 31
A. Composition of the Ecu 32
1. Definition of the Ecu 33
2. Exchange Rates Used to Calculate the Ecu 33
3. Calculation of the Equivalents for January 5, 1994 34
B. The Ecu in the EMS Parity Grid 34
C. Changes in the Composition of the Ecu Basket: Recompositions . 37
D. Official Uses 38
1. The Creation of Official Ecus 38
2. The Official Uses of the Ecu 39
3. Private Uses 40
4. Official versus Private Uses 41
Part V How to Use Private Ecus 43
A. Bond and Money Markets 45
1. Benefits of the Ecu Bond Market 45
2. Types of Ecu Bonds 47
3. The Government Debt Market 48
4. Swaps 48
5. The Ecu Money Market 49
B. Private Non Bond Markets 50
1. Loans 50
2. Futures and Options 51
3. Ecu Foreign Exchange Markets 52
4. Ecu Investment Funds 53
5. Insurance in Ecu Denomination 54
6. Other Private Ecu Uses 55
7. Ecu Coins 58
8. The Ecu Clearing System 58
C. Commercial Uses 59
1. Obstacles 59
2. Commercial Uses 60
D. International Institutions 63
E. Central and Eastern Europe 64
1. Ecu Pegs 64
2. Payment System 65
3. Trading Currency 65
Part VI Obstacles to the Use of Private Ecus 69
A. General Overview 70
1. Monetary Obstacles 71
2. Obstacles Related to the National Legal Systems 73
3. Specific Sector Obstacles 76
B. Removing the Obstacles 79
1. Measure 1: Status of the Ecu 81
2. Measure 2: Means of Payment and Store of Value 81
3. Measure 3: Court Decisions 83
4. Measure 4: Business Management and Organizations ... 84
5. Measure 5: Customs and Taxation 85
Part VII The Treaty on European Union and Its Effects 87
A. Provisions Relating to EMU and Ecu 88
B. Ratification Process 93
C. Problems Associated with the Treaty 95
D. Questions on the Treaty 98
1. Name of the Currency 98
2. Currency Motives 101
2. Conversion 102
Part VIII Issues Associated with the Interim System 103
A. Pre Conversion Contractual Relations 104
B. Use of Existing Ecus 107
Part IX The Effects of the Conversion into the Ecu Ill
A. Technical Issues 112
1. Manner of Distribution 112
2. Production and Distribution of New Bills and Coins ... 113
3. Cancellation of Replaced Bills and Coins 114
4. Other Technical Adjustments 115
B. Issues for Foreign Exchange Markets 115
1. Potential Shock to the Markets 115
2. Discontinuance and Introduction of Products 115
3. Employment 116
4. Intermediate Issues for Forward, Option
and Futures Contracts 116
C. Issues for Banks and Financial Institutions 117
1. Conversion Process 117
2. Lower Foreign Exchange Related Income 118
D. Issues for Governments 119
1. Decrease in Foreign Exchange Reserves 119
2. Domestic Seignorage Effects 120
3. International Seignorage Effects 120
4. Anchor and Reserve Currency for Non EU Countries . . 121
E. Cost Effects 122
F. Role of the EU in Global Finance 124
1. International Currency Role 126
2. Improvement of the International Foreign Exchange System 127
3. Strengthening of the International Role of the EU 127
G. Issues for Non EU Relations and Parties 128
1. Business Relations among EU and Non EU Countries . . 128
2. EU and EFTA Applicants 129
3. EU and EFTA Nonapplicants 129
4. EU and Eastern and Central European Countries 130
5. EU and Affiliated Countries 130
6. EU and Other Industrialized Countries 130
7. Non EU Transactions 131
H. Accounting Issues 131
I. Conversion of Existing Ecu Products 132
1. Legal Basis for the Conversion 133
2. Instruments in Official Ecus 134
3. Instruments with Official Ecu Definition Clause 134
4. Instruments without Definition Link 135
5. Solution 136
Part X How to Prepare Your Business for the New System 137
A. General Issues 138
1. Information 138
2. Preparation 139
3. Adjustment of Existing and Interim Contracts 139
4. Development of Infrastructure 140
5. Treatment of the Existing Ecu 140
B. Manufacturing Businesses 141
C. Service Industry 141
D. Banks and Finance 142
E. Insurance 143
Conclusions 145
Bibliography and References 147
Appendices 157
Appendix A Maastricht Treaty Provisions 159
Table of Contents 160
Appendix B Other Related Documents 195
Table of Contents 196
Appendix C Listing of Obstacles to the Private Use of Ecus . . . 221
Index 235
|
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| dewey-tens | 330 - Economics |
| discipline | Wirtschaftswissenschaften |
| edition | 1. publ. |
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| indexdate | 2024-07-09T17:45:20Z |
| institution | BVB |
| isbn | 1859660827 |
| language | English |
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| physical | 251 S. Ill., graph. Darst. |
| publishDate | 1994 |
| publishDateSearch | 1994 |
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| publisher | Graham & Trotman |
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| spelling | Mehnert-Meland, Ralph J. Verfasser aut ECU in business how to prepare for the single currency in the European Union Ralph J. Mehnert-Meland 1. publ. London u.a. Graham & Trotman 1994 251 S. Ill., graph. Darst. txt rdacontent n rdamedia nc rdacarrier Betalingsverkeer gtt ECU gtt European currency unit Currency question -- European Union countries ECU (DE-588)4131675-7 gnd rswk-swf Europäische Union. Mitgliedsstaaten ECU (DE-588)4131675-7 s DE-604 HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=006655212&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Mehnert-Meland, Ralph J. ECU in business how to prepare for the single currency in the European Union Betalingsverkeer gtt ECU gtt European currency unit Currency question -- European Union countries ECU (DE-588)4131675-7 gnd |
| subject_GND | (DE-588)4131675-7 |
| title | ECU in business how to prepare for the single currency in the European Union |
| title_auth | ECU in business how to prepare for the single currency in the European Union |
| title_exact_search | ECU in business how to prepare for the single currency in the European Union |
| title_full | ECU in business how to prepare for the single currency in the European Union Ralph J. Mehnert-Meland |
| title_fullStr | ECU in business how to prepare for the single currency in the European Union Ralph J. Mehnert-Meland |
| title_full_unstemmed | ECU in business how to prepare for the single currency in the European Union Ralph J. Mehnert-Meland |
| title_short | ECU in business |
| title_sort | ecu in business how to prepare for the single currency in the european union |
| title_sub | how to prepare for the single currency in the European Union |
| topic | Betalingsverkeer gtt ECU gtt European currency unit Currency question -- European Union countries ECU (DE-588)4131675-7 gnd |
| topic_facet | Betalingsverkeer ECU European currency unit Currency question -- European Union countries Europäische Union. Mitgliedsstaaten |
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