Copyright © 2012 by Michael Patrick Amos. All Rights Reserved. Abstract/by Author: Prof. Dr. Michael Patrick Amos Present Scholarly Monograph( first published in 2012) is Volume 7 to 7.2, in a Series of Works by Author Prof. Dr. Michael Patrick Amos, intended to Introduce Amos' Econophysics to various areas of research interest in International Macroeconomics. On one hand, ECB is Central-Bank of Monetary Union of 17 EC Member Countries in 2011. Its importance in International Financial Markets is noted. And empirical finds in Amos(2011-f) confirmed that ECB will be a successful organization over a one hundred year periodicity spanning 1999-2100 Year. On other hand, Amos(2012-a) i.e. present Scholarly Monograph, presents A New Theory of Common Currency Areas Exchange Rate Determination and places every country in this World in a Common Currency Areas, determined by respective countries priority sectors. Because Trade Amongst Nations in Priority Sectors are viewed as a Common Currency Area. Because, lack of peaceful measures, does not eliminate such efficient organizations, for settlement of international trade indebtedness amongst nations in international-conflicts opting toward a better temporary equilibrium in tantamount processes towards Peace. In contrast to European Monetary Union where all member countries are in peace full international relations, in 2011, and conduct business in one setting. Most Common Currency Areas consists of a mixture of friendly countries and former enemy countries whom have formed an Informal Common Currency Areas, (unknown to Masses),without a formal building organization, because they be specific to a periodicity and a permanent buildings, for such Monetary Unions Businesses is needed not, in 2011..Thus, present Scholarly Monograph Amos(2012-a) presents and analyzes Exchange Rate Determinations, where every country is specified to a Common Currency Area. Prof. Dr. Michael Patrick Amos contends that U.S.A., U.K., Soviet Union, China, and most countries in this world are part of distinct Monetary Unions in 2011. Exampled by U.S.A. Priority Sectors' Monetary Union consisting of Canada, Mexico, Vietnam, Cambodia, and Uzbekistan, analyzed in details in Amos(2011-e). Further, a distinguishing feature of present Scholarly Monograph Amos(2012-a) is detailed Analysis of common currency exchange rate determination from Amos' Econophysics and new paradigm of Amos(1971-2011).
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