Administration
The euro is managed and administered by the European Central Bank (ECB, Frankfurt am Main) … 展开

Introduction
The euro was established by the provisions in the 1992 Maastricht Treaty. To participate in the currency, member states are meant to meet 展开

Optimal currency area
In economics, an optimum currency area, or region (OCA or OCR), is a geographical region in which it would … 展开

Flexible exchange rates
The ECB targets interest rates rather than exchange rates and in general, does not intervene on the foreign exchange rate markets. This is because of the implications of the Mundell–Fleming model, which implies a central … 展开

Coins
The euro is divided into 100 cents (also referred to as euro cents, especially when distinguishing them from other currencies, and referred to as such on … 展开

Agreed direct usage with minting rights
The euro is the sole currency of 20 EU member states: Austria, Belgium, Croatia, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, … 展开

Besides the economic motivations to the introduction of the euro, its creation was also partly justified as a way to foster a closer sense of joint … 展开