The Pros and Cons of EMU PDF Download

Author: David A. Currie
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 128

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Author: Thorsten Mannherz
Publisher: GRIN Verlag
ISBN: 3668551340
Category : Business & Economics
Languages : en
Pages : 28

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Seminar paper from the year 2016 in the subject Economics - Finance, grade: 1,7, University of applied sciences, Cologne, course: Economics, language: English, abstract: On the 1st of January 1999, 11 European countries adopted the Euro as their official currency. A new Economic and Monetary Union with more than 300 million citizens was born. Sharing a common currency offers several advantages for countries, firms and citizens like enhanced cross-border trade, a better price transparency or the disappearance of foreign exchange rate risks. However, a Monetary Union also comes with constraints like the loss of exchange rate regime of its members which is an important instrument to fight adverse shocks. In order to minimize economic risks for its members and to foster the economic stability of the future European EMU, the European Union member states agreed to meet the Euro Convergence Criteria as a requirement to adopt the Euro. During the negotiations about the necessary criterion, the theory of Optimal Currency Areas – a theory which has its origin in the Bretton Woods era – was deliberately reincarnated by economists to verify whether or not the Eurozone can become a successful EMU. Until today the (traditional) OCA theory is often used by the literature and also by politicians to evince fundamental flaws of the Eurozone. This assignment investigates the Eurozone in the light of the theory of Optimal Currency Areas. In the first part of this assignment the main contributors to the theory of Optimal Currency Areas are enumerated and its most significant factors are explained. The second part applies the listed factors to the Eurozone in order to determine whether or not a specific criterion is fulfilled by the European EMU. A summary and conclusion complete this essay.

Author: Amy Verdun
Publisher: Rowman & Littlefield
ISBN: 9780742518841
Category : Business & Economics
Languages : en
Pages : 302

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With euro banknotes and coins starting to circulate as of January 2002, this timely book comes at a crucial juncture for the European Union. Exploring the origins of and progress toward the introduction of the euro, the contributors focus on the importance of economic and monetary union (EMU) as part of the larger process of European integration. Thus, chapters consider the value and limits of a range of theoretical approaches for understanding economic and monetary integration, the pros and cons of EMU's institutional design, and country-specific experiences. With an international group of leading scholars representing a range of disciplines, this book offers a broad perspective on the dynamics of EMU.

Author: Francesco Giordano
Publisher: Routledge
ISBN: 1136224165
Category : Business & Economics
Languages : en
Pages : 218

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This book places the whole issue of monetary union in its wider political economic context. The authors discuss: * the effect of EMU on fiscal and monetary policies * Central bank independence * the impact of EMU on unemployment * ERM II * international perspectives. Drawing on their experience in the European financial markets, the authors use a non-technical approach to discuss these issues - both in a general european sense and more specifically, Germany, the UK and Italy.

Author: Loukas Tsoukalis
Publisher: OUP Oxford
ISBN: 0191532908
Category : Political Science
Languages : en
Pages : 254

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Book Description
As the European Union gets ready to take it's new members, What Kind of Europe? pinpoints the crucial issues which will shape its future as a regional, economic, and political entity.Loukas Tsoukalis is one of the world's leading scholars on European integration; in this book he writes for any reader interested in the key democratic choices facing facing Europe's citizens. European integration is not a politically neutral process. There are key democratic choices to be made about trade-offs between efficiency, equity, and stability; productivity and a cleaner environment; integration and diversity; rule by experts and elected representatives in the management of the single market and the Euro; the degree and kind of solidarity across boundaries; the geographical limits of Europe's fledgling common identity; the export of peace and stability to the near abroad and beyond; and the defence of common values and interests in a world where the ascendancy of markets and the highly unequal distribution of political power increasingly challenge those features that still make Europe distinct from other regions of the world. There is certain to be disagreement on these issues, by the very nature of democracy. But Europeans need to become more aware of the issues and the choices they imply. Europeans have long pretended that inter-country divisions are the only ones that really count, and that the choice is essentially between more or less Europe. But the agenda must now be to build a politically mature Europe. What kind of Europe becomes the key question.

Author: Trevor Sather
Publisher: Taylor & Francis
ISBN: 0415195489
Category : Dabates and debating
Languages : en
Pages : 328

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A highly readable and informative textbook geared specifically to the requirements of A-Level Economics.

Author:
Publisher:
ISBN:
Category : Economic forecasting
Languages : en
Pages : 356

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Author: Peter J. Anderson
Publisher: Routledge
ISBN: 1317882830
Category : History
Languages : en
Pages : 241

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Book Description
Insulting the Public? examines the way in which the European Union and issues relating to it are represented to the public. Combining theoretical and empirical research, the text explores and provides an assessment of the performance of the British Press in its representation of the European Union in the period immediately preceding the General Election of 1997 and during the British presidency of the Union from January to June 1998.

Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Author: Claire Saxby
Publisher: Candlewick
ISBN: 0763674796
Category : Juvenile Nonfiction
Languages : en
Pages : 33

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Did you know it’s the emu father who protects the chicks? Follow a doting dad as he keeps his brood safe—from when they’re granite-green eggs until they’re all grown up. In the open eucalyptus forest of Australia, an emu as tall as a human settles down on his nest to warm and protect the eggs left by his mate. When they hatch, the chicks will be ten times bigger than domestic chicken hatchlings and covered in chocolate-and-cream stripes to provide camouflage in the grasslands. This unusual family sticks together until the hatchlings grow up, facing dangers that include eagles and dingoes. Ornithologically inclined youngsters will delight in this visually striking chronicle full of fun emu facts.