European common curency outside the Euro zone and fixed exchange rates vs. Euro: economic and legal aspects

Pawel Folfas and Magdalena Slok-Wodkowska
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Magdalena Slok-Wodkowska: Warsaw School of Economics

Ekonomia i Prawo, 2011, vol. 7, issue 1, 371-390

Abstract: On January 1, 1999, the euro came into existence as a European common currency (currency of Economic and Monetary Union). Additionally, the euro has become legal tender in states and countries outside the euro zone. In Europe, San Marino, the Vatican, Monaco and Andorra have adopted the euro. With the introduction of the euro, it was necessary to redefine monetary relations with those countries which had no national currency but which used the former national currencies of Member States of the euro zone.

Keywords: euro; Monetary Union; euroization process (search for similar items in EconPapers)
JEL-codes: A (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:cpn:umkeip:v:7:y:2011:i:1:p:371-390

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