policy makers off‐guard. Some of the contributing factors were due to structural deficiencies and institutional rigidities …, while others dealt with public policy issues. In addition, Mexico’s membership to the North American Free Trade Agreement … (NAFTA), and ensuing rapid trade liberalization and deregulation of capital market and banking, were paramount to the peso …

The euro’s introduction initially confronts a firm with a currency changeover problem affecting its accounting and … accounting subsystems from the national currency to the euro. Yet, with barely six months remaining until national currencies … currencies constitutes just a small part of a far larger, complex set of related problems. That is because the common currency …