Because trade among EMU members will be transacted in a common currency, and "international" trade will be smaller, European policymakers might pay less attention to exchange rates than they now do.
Trade and financial flows, which, unlike the bulk of GDP, are transacted at market exchange rates, should be converted at those rates into dollars.
Global markets in commodities are priced and transacted almost exclusively in dollars, because it is convenient for buyers and sellers.
That year Cantor transacted over $45 trillion in trading volume, in more than 40 marketplaces, with revenues of more than $500m.
It is how much of the business of government has been transacted.
A huge amount of business is transacted in the "black" economy, in stapled wads of banknotes.
Forcing over-the-counter derivatives trades contracts that are transacted away from the gaze of regulators on to visible trading platforms has long been a goal of world leaders keen to reform a shadowy market which they blame for the crisis in 2008.
In this age of Internet dreams that get dashed, they plan to hit the jackpot through the transparency and efficiency of a web-based exchange.Almost half of world trade is "financed", or transacted with borrowed money.
Before the government stemmed access to foreign currencies, many big purchases were transacted in dollars, meaning a smaller pile of notes.
Kenyans transacted more than US$20 billion through their mobile phones in 2013, and Kenya leads the world in its adoption of mobile payments.
Try a protocol giving a veto over EU financial regulation to Britain (where the lion's share of European financial business is transacted, after all).
