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Visit the European Central Bank's (ECB) (website) and the European Commission's (website) to access the Commission's newsletter InfEuro and answer the following questions...

Visit the European Central Bank's (ECB) (website) and the European Commission's (website) to access the Commissions newsletter InfEuro.

Visit the Federal Reserve Bank of St. Louis's (website). Click "Publications" and then "Review (Bimonthly)" to access the Bank's Review. In the September/October 2001 issue, read the article written by Patricia S. Pollard (a research officer and economist at the Federal Reserve Bank of St. Louis) called "The Creation of the Euro and the Role of the Dollar in International Markets."

Based on these readings, answer the following questions using a Microsoft Word document:
? How is the Eurosystem governed?
? What is the primary objective of the European Central Bank?
? Who is responsible for the implementation of monetary policy in Europe?
? What are the gains in the euro area from the introduction of the euro?
? What is the relative size of the U.S. and euro-zone economies?
? What is the share of the U.S. and euro-zone economies in international trade?
? What changes, if any, have occurred since the euro was introduced on January 1, 1999?
? Has the dominance of the U.S. dollar in international money and capital markets declined since the introduction of the euro?
? In 2000, how many IMF member countries had their currencies pegged to the euro? To the U.S. dollar?
? Do you know of any countries that adopted a currency board with the euro?

Solution Preview

** Please refer to the attachment for complete details **

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Visit the European Central Bank's (ECB) (website) and the European Commission's (website) to access the Commissions newsletter InfEuro.
Visit the Federal Reserve Bank of St. Louis's (website). Click "Publications" and then "Review (Bimonthly)" to access the Bank's Review. In the September/October 2001 issue, read the article written by Patricia S. Pollard (a research officer and economist at the Federal Reserve Bank of St. Louis) called "The Creation of the Euro and the Role of the Dollar in International Markets."

I found the text of the proposed paper at:
http://research.stlouisfed.org/publications/review/01/09/0109pp.pdf
? How is the Eurosystem governed?
The European System of Central Banks is governed by the decision-making bodies of the European Central Bank.
? What is the primary objective of the European Central Bank?
Maintaining price stability is the primary objective of the European Central Bank
? Who is responsible for the implementation of ...

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