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The benefits touted by the EU have been evident in the six years since the currency began circulating.
Transactions between the businesses in participating countries are done with a common currency with the same ease as transactions between states within the United States. As a result of adopting a common currency, participants have increased coordination with key securities in the government bond market and financial integration between member countries has increased as well. The financial markets in the euro participating countries have become more liquid, integrated, and diverse since the euro was adopted (Rey, 2007)...
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