When the European Union decided to introduce the euro, the European Central Bank had to develop a

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When the European Union decided to introduce the euro, the European Central Bank had to develop a new computer system (called Target) to provide a currency settlement system for use by investment banks and brokerages. The euro opened at an exchange rate of U.S. $1.167. However, a rumor that the Target system malfunctioned sent the value of the euro plunging two days later.
That evening, it was determined that the malfunction was not due to system problems. Instead, operators at some German banks had misunderstood how to use the system and had entered incorrect data. Once the problems were identified and the operators quickly retrained, the Target system continued to operate and the euro quickly regained its lost value.

QUESTION:
Target could be considered a high-risk system because of its effects on the European economy. What kinds of system support activities could be put in place to mitigate problems with Target?

Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...
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Systems analysis and design

ISBN: ?978-1118808177

5th edition

Authors: Alan Dennis, Barbara Haley Wixom, Roberta m. Roth

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