Euro Adoption by Accession Countries - Macroeconomic Aspects of the Economic and Monetary Union

Macroeconomic Aspects of the Economic and Monetary Union

Business & Finance, Economics, Macroeconomics
Cover of the book Euro Adoption by Accession Countries - Macroeconomic Aspects of the Economic and Monetary Union by Andreas Penzkofer, GRIN Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Andreas Penzkofer ISBN: 9783638678506
Publisher: GRIN Publishing Publication: January 22, 2007
Imprint: GRIN Publishing Language: English
Author: Andreas Penzkofer
ISBN: 9783638678506
Publisher: GRIN Publishing
Publication: January 22, 2007
Imprint: GRIN Publishing
Language: English

Seminar paper from the year 2006 in the subject Economics - Macro-economics, general, grade: 1,0, Wayne State University (Department of Economics), course: Macroeconomics, 26 entries in the bibliography, language: English, abstract: On 1st May 2004 ten new member states joined the European Union (EU), e.g. Estonia, Poland and Slovenia. The countries won't adopt the euro as their new currency immediately, because they first have to show that their economies have converged with the economy of the euro zone. Presently, the efforts and opinions of the new members differ about the adoption of the single currency. For instance, the Slovenian Prime Minister Janez Jansa told the press in February 2006 that there 'is nothing on the path ahead' that could endanger the euro adoption in 2007. The government pursues a tight fiscal policy to meet all entry requirements. Recently, it introduced a dual pricing - that means all prices of goods and services are marked in tolars as well as euros - to raise consumer awareness in the preparation for the euro adoption.1 Contrarily, other countries are skeptical. The leader of the Polish conservative party Jaroslaw Kaczynski said during a campaign that he 'doesn't see any benefits in adopting the euro. Euro adoption would lead to lower exports, lower national income and higher unemployment.' The Estonian Sirje Karu said in an interview, that 'Estonians are scared. We heard that when Finland adopted the euro, it took them quite a while to get used to it and prices increased. The poorest suffered.' Using this situation as a background, it is interesting to analyze the euro adoption by accession states. How does the adoption process work? When should the euro be introduced and what macroeconomic effects does it have?

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Seminar paper from the year 2006 in the subject Economics - Macro-economics, general, grade: 1,0, Wayne State University (Department of Economics), course: Macroeconomics, 26 entries in the bibliography, language: English, abstract: On 1st May 2004 ten new member states joined the European Union (EU), e.g. Estonia, Poland and Slovenia. The countries won't adopt the euro as their new currency immediately, because they first have to show that their economies have converged with the economy of the euro zone. Presently, the efforts and opinions of the new members differ about the adoption of the single currency. For instance, the Slovenian Prime Minister Janez Jansa told the press in February 2006 that there 'is nothing on the path ahead' that could endanger the euro adoption in 2007. The government pursues a tight fiscal policy to meet all entry requirements. Recently, it introduced a dual pricing - that means all prices of goods and services are marked in tolars as well as euros - to raise consumer awareness in the preparation for the euro adoption.1 Contrarily, other countries are skeptical. The leader of the Polish conservative party Jaroslaw Kaczynski said during a campaign that he 'doesn't see any benefits in adopting the euro. Euro adoption would lead to lower exports, lower national income and higher unemployment.' The Estonian Sirje Karu said in an interview, that 'Estonians are scared. We heard that when Finland adopted the euro, it took them quite a while to get used to it and prices increased. The poorest suffered.' Using this situation as a background, it is interesting to analyze the euro adoption by accession states. How does the adoption process work? When should the euro be introduced and what macroeconomic effects does it have?

More books from GRIN Publishing

Cover of the book Cross-Cultural Competence - Analysis of a Sino-Western Negotiation Setting by Andreas Penzkofer
Cover of the book Farewell to arms: Psychology and Paradox in Hemmingway's Life and Death by Andreas Penzkofer
Cover of the book Classical Social Contract Theory by Andreas Penzkofer
Cover of the book The Social Darwinism Ideals of William Graham Sumner (1840-1910) and the Progressive Principles of Jane Addams (1860-1935) by Andreas Penzkofer
Cover of the book Ergativity and causativity by Andreas Penzkofer
Cover of the book Discuss how the descent narrative can function as a form of political and/or social dissent! by Andreas Penzkofer
Cover of the book Information Communication Technologies by Andreas Penzkofer
Cover of the book Prevailing schools of thought in the PR China and their effects on economic and social acting of humans today by Andreas Penzkofer
Cover of the book The Term 'Mission' within the Stategic Management Process by Andreas Penzkofer
Cover of the book How do breast cancer mortality rates differ between women who are screened annually and biennially by mammography? by Andreas Penzkofer
Cover of the book Zadie Smith: 'White Teeth' - The Families by Andreas Penzkofer
Cover of the book Foreign Direct Investment - Managing International Joint Venture - Case: NAFTA by Andreas Penzkofer
Cover of the book How profoundly changed was England through the Norman Conquest? by Andreas Penzkofer
Cover of the book The European Convention on Human Rights and its Case Law in Relation to the Deportation of Aliens by Andreas Penzkofer
Cover of the book Raising communicative competence in second language learning - the Blackpool Telos Project by Andreas Penzkofer
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy