Some recent empirical research suggests that this characterization of the bank-small business borrower relationship is accurate. For example, as the relationship matures, banks typically reduce the interest rates charged and often drop the collateral requirements on small business loans.
I also intend to examine whether this common currency model has any relevance for North America. Should Canada be thinking of a new monetary arrangement along similar lines? A common currency for Europe The introduction of the euro no doubt qualifies as an economic event of historic proportions. And some of the commitments required of the participating countries have, indeed, been momentous.