ACI: The Financial Markets Association issued a statement last week welcoming the official launch of the euro. ACI also announced that in a follow-up from the September 1995 working paper on "The Single Currency in Europe", the ACI recently commissioned, through the ACI Foundation in London, a research project entitled "Adjusting VAR Models for the Impact of the Euro". The project, led by David Clark, chairman of the ACI's Business Development Committee, is nearing completion and will be

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