Download or read book The Pros and Cons of EMU written by David A. Currie and published by . This book was released on 1997 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Theory of Optimal Currency Areas Pros and Cons of the Eurozone written by Thorsten Mannherz and published by GRIN Verlag. This book was released on 2017-10-17 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book The Political Economy of Monetary Union written by Francesco Giordano and published by Routledge. This book was released on 2013-10-18 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book The Euro written by Amy Verdun and published by Rowman & Littlefield. This book was released on 2002 with total page 302 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book What Kind of Europe written by Loukas Tsoukalis and published by OUP Oxford. This book was released on 2003-05-29 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Pros and Cons written by Trevor Sather and published by Taylor & Francis. This book was released on 1999 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: A highly readable and informative textbook geared specifically to the requirements of A-Level Economics.
Download or read book Country Report written by and published by . This book was released on 1996 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Insulting the Public written by Peter J. Anderson and published by Routledge. This book was released on 2014-09-25 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book The pros and cons of EMU written by and published by . This book was released on 1997 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Economist written by and published by . This book was released on 1898 with total page 1244 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book European Monetary Union written by Paul J.J. Welfens and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 463 pages. Available in PDF, EPUB and Kindle. Book excerpt: Paul J. J. Welfens European monetary union has been discussed for more than three decades and is likely to be realized in 1999. One may anticipate generous interpretations of the fiscal convergence criteria. Such generosity consistent with the Maastricht Treaty might impair the credibility of the ECB and the stability of the Euro, respectively, despite the fact that inflation is a monetary phenomenon and has little to do with government deficits, unless they were financed via the printing press, which is excluded in the Maastricht Treaty. The European Commission's forecast of spring 1997 suggests that Italy will have problems in joining the EMU starter group as the is expected to be 3. 2% in 1997 and even 3. 9% in 1998. A Italian deficitlGDP ratio fully developed EMU group (with all 15 cowltries included) would represent 38% of the OECD GDP, slightly higher than the U. S. with 33% (Japan 21%). The exports/GDP ratio of EU countries is 30%, the ratio with respect to exports outside the EU would be 10% (Japan, U. S. 8%). The share of the U. S. dollar in international currency reserves fell from 67% to 40% in 1995, while the share of European currencies increased from 13% to 37%. Prior to the EMU, market participants have to anticipate whether a transition to 1999 will bring windfall losses or gains in various bond markets.
Download or read book Social Democracy and Monetary Union written by Ton Notermans and published by Berghahn Books. This book was released on 2001-12-01 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the late 1960s social democrats have become the dominant political force in the European Union. In fact, Social Democrats govern in no less than 11 of the 15 member states. Simultaneously, the EU has embarked on its most far-reaching project yet, namely Economic and Monetary Union (EMU); a project that was designed mainly by non-Social Democratic governments. This volume provides the first in-depth and comparative analysis of the views and policies of nine European Social Democratic parties concerning economic governance under Europe's new single currency and of the impact of the new political and institutional constellation in the EU on the process of economic integration and European social democracy.
Download or read book The Politics of Economic and Monetary Union written by Petri Minkkinen and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: If the plans concerning EMU will be realised, by 2002 national currencies will be replaced by the Euro and national central banks will be partially replaced by the European Central Bank. The Politics of Economic and Monetary Union starts with the argument that EMU is more a political than an economic project. It develops this theme by addressing five different questions. First, precisely what is the general role of EMU in the globalising political economy? Second, how EMU will change the power relations and the relationship between `political' and `economic'? Third, what effects will EMU have on generally accepted values - including for example efficiency, self-determination, and democracy? Fourth, how does the EMU-related politics of symbols - including money - take part in constructing political identities? And last, but certainly not least, what effects EMU will have on the social and political dimension of the Union and thus also on its legitimacy? The politics of EMU includes many dimensions. The book tries to explain the hegemony of the neoliberal and German vision of Europe in the context of recent development in the global political economy. It assesses the consequences of this hegemony and the possibility for alternatives from a variety of perspectives. In many chapters, it is also argued that the legitimation problems of the Union may turn into an acute crisis also because of EMU. We should expect an actualised crisis to lead to a transformation of the Union.
Download or read book Emu written by Claire Saxby and published by Candlewick. This book was released on 2015-04-28 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book The Eurozone Crisis and the Transformation of EU Governance written by Maria João Rodrigues and published by Routledge. This book was released on 2016-03-16 with total page 281 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research on European governance is central to understanding both the process of European integration and its external influence as a laboratory for multilateralism. This volume focuses on the impact of the recent Eurozone crisis and its far-reaching implications for European governance both inside and outside the EU borders. Ideal for classroom use, this volume covers: I. European modes of governance: concepts, recent trends and international implications with chapters by Lefkofridi & Schmitter, Cini, Borrs and Radaelli. II. The transformation of European economic governance with contributions by Fabbrini, Stoffaës, Collignon, Eising, Rasch and Rozbicka. III. The transformation of European social policy governance with Goetschy, Hemerijck, de la Porte and Heins. IV. The international implications of the transformation of EU governance highlighted by Rodrigues, Xiarchogiannopoulou and Mügge.
Download or read book European Monetary Integration from the European Monetary System to Monetary Union written by Daniel Gros and published by . This book was released on 1992 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Reforming the European Union written by Philip Lynch and published by Routledge. This book was released on 2014-05-12 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: Analyses the likely future of the EU following next year's Intergovernmental Conference (IGC) which is likely to be even more significant for the future of Europe than the Maastricht Treaty. Since Maastricht it has become clear that future developments are less certain with regard to the EU and integration. The IGC will have to try and resolve tensions such as: "widening" Europe to include former communist countries whislt also trying to "deepen" Europe with increased political and economic integration; providing a framework which is acceptable to a core of countries (Benelux, Germany, France) who favour more integration and an early move to monetary union with countries such as the UK, which does not.
