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The environment in which businesses operate is influenced by all of these. This, whereas the single currency will have the important effect of removing the barrier that is currently being imposed by different currencies, by itself it does not change much else. These currencies are simply administrative characteristics defining national economies. Although in future they will no longer exist, nothing else in this particular categoiy of differences will disappear in their wake.

The main idea of the paragraph

The currencies are just one aspect of administrative rules and standards. The adoption of a single currency does not mean that the other aspects of administrative rules and standards will automatically disappear.

货币只是行政管理规则和标准所涉及的一个方面，实行单一货币并不表明行政管理规则和标准所涉及的其它方面的差异会自动消失。

词语解释：

in the wake of

as a result of 因为 e.g.
1）Airport security is extra tight in the wake of yesterday's terrorists’ attacks. 由于昨天恐怖分子的恐怖活动，机场的安保加强了。
2）In the wake of Thailand's economic troubles, Malaysia's currency also sank. 由于泰国经济出现的麻烦，马来西亚的货币跟着贬值了。

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• Summary