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The Euro

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  • Derek Riley

    (IFPEN - IFP Energies nouvelles)

Abstract

A number of studies and reports are now readily available on how to come to grips with the Euro – its calendar, conversion factors, legal, financial and accounting aspects, and so forth. Typically, they point to a fixed-for-ever rate of exchange between participating countries, which of course may have strategic consequences for the location of many types of business. This survey does not seek to be exhaustive, nor to cover what is well documented elsewhere. Rather, it attempts to examine areas where uncertainty, or controversy continue to exist, as well as focus on aspects that are pertinent to the oil and gas industries. Two questions stand out. The first is a general one, concerning how the new currency is likely to fare in international currency markets, notably relative to the US $. The second is closely linked to the first, but is specific to the hydrocarbons business : will European oil and gas prices be quoted in Euros and, if so, over what time frame ?

Suggested Citation

  • Derek Riley, 2000. "The Euro," Working Papers hal-02437370, HAL.
    • Handle: RePEc:hal:wpaper:hal-02437370
    Note: View the original document on HAL open archive server: https://ifp.hal.science/hal-02437370
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