Goal of a single shared currency, International Economics

Q. Why did the EU countries move away from the EMS toward the goal of a single shared currency?


1. To produce a superior degree of European market integration by removing the threat of EMS currency realignments.

2. To decrease German dominance of the EMS monetary policy.

3. Given the shift to complete freedom of capital movements within the EU fixed however adjustable currency parities may possibly lead to ferociously speculative attacks as in 1992 - 1993.

4. To guarantee the political constancy of Europe.

Posted Date: 6/29/2013 3:00:26 AM | Location : United States

Related Discussions:- Goal of a single shared currency, Assignment Help, Ask Question on Goal of a single shared currency, Get Answer, Expert's Help, Goal of a single shared currency Discussions

Write discussion on Goal of a single shared currency
Your posts are moderated
Related Questions
Q. How were the initial members of EMU chosen? How will new members be admitted? What is the structure of the complex of financial and political institutions that govern economic

Q. Use the DD - AA model to examine and compare the response of an economy under fixed and floating exchange-rate regimes to a temporary fall in foreign demand for its exports.

Financial analysis : To deeply understand the Lenovo's performance for recent years, we get more details on its financial figures (1) compare with the industry averages (2). The fo

Q. What can you learn from the figure below, which depicts the US GNP and its components for the year 1997? Answer: The U.S. GNP is about 8 trillion expenditure represents

Q. The Brazilian firm is charging its foreign (U.S.) customers one half the price it is charging its domestic customers. Is this bad or good for the real income or economic welfa

What are the reasons behind the growing importance of services in trade ?

It is often argued that firms compete only through diversifying their prices. Do you agree with this view? Justify your answer using examples / case studies form the Greek and/or t

under fleible exchange rate regime what are the consenquences of current account deficit and surplus

Q. Describe the main provisions of the Maastricht Treaty of 1991. Answer: It identified for a single currency by January 1/1999 harmonizing social security policy insid