The impact of the Euro on financial markets and their participants

This essay is intended to evaluate the impact of the European single currency since its inauguration on 1st January 1999. In part a) I will identify and explain the impact of the Euro since its introduction on the foreign exchange, bond, equity and Eurocurrency markets. Part b) will concentrate on the implications of change on differing groups of participants or potential participants in these markets. PART A The Foreign Exchange Market The disappearance of 12 sovereign currencies …

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