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The Euro

The Euro
Author : Great Britain. Parliament. House of Lords. European Union Committee
Publisher : The Stationery Office
Release Date : 2008-05
Category : Law
Total pages :110
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2008 marks the tenth anniversary of the creation of the European Central Bank (ECB) and the setting of conversion rates between the currencies of the original participating countries of the eurozone. Since then the euro has been introduced in fifteen Member States with negligible transition costs. This report examines the structure and governance of the eurozone institutions and developments in the eurozone economy in the past ten years, including the management of inflation and the impacts on trade and economic growth. The primary conclusion is that the young currency has made a positive start to its life but that, based on the experience to date, it is too soon to state what the future holds. Other conclusions include: The ECB has gained public acceptance and market credibility, has run a credible price-stabilising policy in the euro area and is performing its primary role of maintaining price stability effectively. The introduction of the euro has been a major influence on increased trade both within the eurozone and with other countries, and it has stimulated integration in parts of the capital market. The euro has become an important reserve currency, and has established itself with remarkable speed as a widely accepted transactions currency. The euro has resisted external shocks to date, and does not face any foreseeable likelihood of disintegration. None of the fears, expressed at the time of its launch, about a divisive or negative impact on European economies has been borne out. Its existence has contributed to economic development and low inflation in the eurozone.

The Euro

The Euro
Author : Chris Mulhearn
Publisher : Edward Elgar Publishing
Release Date : 2009-01-01
Category : Business & Economics
Total pages :256
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This title provides a comprehensive overview of the development and design of the European Monetary Union, as well as an intriguing discussion of its prospects for future enlargement.

The Euro

The Euro
Author : Philip Arestis,Andrew Brown,Malcolm C. Sawyer
Publisher : Edward Elgar Publishing
Release Date : 2001-01-01
Category : Business & Economics
Total pages :152
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The authors offer a sustained argument that the single currency as currently implemented does not promise to deliver prolonged growth. They contend that the economic impact of the euro, and its accompanying institutions, is likely to be destabilising and deflationary; that the political impact is profoundly undemocratic and that the social consequences are likely to be deleterious. They do not reject the concept of a single currency but are highly critical of policy arrangements such as the Stability and Growth Pact which govern the euro. The authors propose alternative policy and institutional arrangements within which the euro should be embedded. They demonstrate that these would have the benefits of a single currency whilst avoiding many of the potential costs identified by detractors.

The Euro-Mediterranean Partnership

The Euro-Mediterranean Partnership
Author : Richard Gillespie
Publisher : Routledge
Release Date : 2013-09-13
Category : Political Science
Total pages :200
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Established in 1995, the Euro-Mediterranean Partnership aims to create a free trade area including 30 countries and 800 million people by early in the 21st century. This book offers an assessment of the Partnership and its aims.

The Politics of the Euro-Zone

The Politics of the Euro-Zone
Author : Kenneth Dyson
Publisher : OUP Oxford
Release Date : 2000-09-28
Category : Political Science
Total pages :321
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The Euro-Zone represents the single most important step in European Integration since 1957 and one of the boldest economic, monetary, and political projects in modern history. In this first major study, the author examines the major political questions raised by the birth of the Euro-Zone on January 1 1999 and argues for a more politically informed analysis and assessment of its nature, operation, and prospects. How does the Euro-Zone operate? What does it mean for European States and for the political strategies of governments? How is its operation to be explained? What are its prospects for stability? What kinds of policies are needed to strengthen its capacity to withstand crisis? The book stresses the ECB-centric nature of the Euro-Zone and its implications both for policy and polices in Europe and for theories of integration. The ECB emerges as a powerful 'policy pusher' and 'ideational leader', with an authority and power exceeding that of the European Commission in the integration process. Dyson examines the elated problems of social justice, democratic consent, and identity. He also argues that the Euro-Zone represents a process of transition to the EU as a 'stabilization Staten An innovative aspect of the book is its application of a strength-strain model for the purpose of analyzing and assessing the stability of the Euro-Zone. It concludes that the stability of the Euro-Zone will be strongly conditioned by three factors: how Kantian rather than Hobbesian or Lockeian its political culture proves to be, with a key reproducibility failing here on the quality of political leadership; its possession of policy interments to tackle liquidity as well as debt traps; and the speed and efficiency of mechanisms of 'bench marking, policy transfer, and 'lesson-drawing'.

The Euro, Inflation and Consumers' Perceptions

The Euro, Inflation and Consumers' Perceptions
Author : Paolo Giovane,Roberto Sabbatini
Publisher : Springer Science & Business Media
Release Date : 2008-04-16
Category : Business & Economics
Total pages :244
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On 1 January 2002, euro banknotes and coins were introduced in twelve EU Member States. Three more countries joined in the following years, and over 300 million people now use the euro in their daily transactions. The currency changeover was a technical success. From the very start, however, the vast majority of euro area citizens held the single currency responsible for a sharp rise in prices and a subsequent decline in their personal economic fortunes. This book puts forward convincing empirical evidence, primarily drawn from Italy’s experience, to establish whether the introduction of the euro has had a major impact on prices, and if not, why so many people believe it has. Its significance lies not only in the documentation of a historic event, but also and more importantly, in the lessons it provides, which concern the public’s understanding of inflation, the correct assessment of the effects of the single currency, and the need for appropriate measures when other countries adopt the euro.

The Euro

The Euro
Author : Amy Verdun
Publisher : Rowman & Littlefield
Release Date : 2002
Category : Business & Economics
Total pages :282
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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.

The Euro-Mediterranean Migration System

The Euro-Mediterranean Migration System
Author : Stéphane de Tapia
Publisher : Council of Europe
Release Date : 2008-01-01
Category : Business & Economics
Total pages :128
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The Euro-Mediterranean region can be seen as the focal point for movements between south and north. Starting with this observation, the author addresses the migration problems of the countries on the northern shore of the Mediterranean and the immigration countries of the European Union, which recruit labour from the southern shore (for example, Moroccans working in France, Belgium and Great Britain, Turks in Germany, France, Benelux and Scandinavia, Algerians in France and Tunisians in France and Italy). He also deals with the new immigration countries on the northern shore (Spain, Italy and Greece), as well as the emigration and transit countries of the southern and eastern shores. This work is intended to provide the reader with a critical overview of the existing literature on the theme of "co-development" based on sources in various languages, highlighting matters likely to form part of needs of both immigration countries and countries of origin, and taking account of the questions raised by the experts.

The Euro

The Euro
Author : David Marsh
Publisher : Yale University Press
Release Date : 2009-01-01
Category : Business & Economics
Total pages :340
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Drawing on more than one hundred interviews with leading figures associated with the Euro and scores of secret documents from international archives, the author underscores the Euro's importance for the global economy, in particular for U.S. and British economic and political agendas.

The Euro: Consequences for the Consumer and the Citizen

The Euro: Consequences for the Consumer and the Citizen
Author : Thierry Vissol
Publisher : Springer Science & Business Media
Release Date : 1999
Category :
Total pages :256
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The Euro and Its Central Bank

The Euro and Its Central Bank
Author : Tommaso Padoa-Schioppa
Publisher : MIT Press
Release Date : 2004-07-23
Category : Business & Economics
Total pages :264
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History and analysis of European monetary integration and related economic, financial, monetary, and international political issues: an accesible guide. This history and analysis of the euro and the European Central Bank traces the process of European monetary integration from its beginnings as a utopian vision in the aftermath of World War II through the establishment of a single currency managed by a central bank. Tommaso Padoa-Schioppa, a central banker who has been involved in the making of European monetary unification since 1979, offers an accessible guide to the euro and the European Central Bank for scholars, students, and the general reader, discussing the related economic, financial, monetary, and international political issues. In the process he also provides an overview of central banking in general and the multiple activities of a central bank; as the case of the European Central Bank illustrates, central banking involves not only monetary analysis and policy but much else, including banknote printing and handling, market operations, payment systems, bank supervision, and coordinating with other public institutions.Padoa-Schioppa begins with the historical background of European monetary integration, starting with the 1957 Treaty of Rome, which lay the foundation for the Common Market, and covering the 1992 Maastricht Treaty, the development of an anchor currency, and the "euroskepticism" of the U.K. Subsequent chapters are devoted to economic policy, monetary policy, the euro as unifier in the financial system, the payment system, the euro as an international actor outside "euroland," and the challenges ahead for the still relatively young project of European monetary integration.

The Impact of the Euro on Latin America

The Impact of the Euro on Latin America
Author : Dorte Verner
Publisher : World Bank Publications
Release Date : 2000-01-01
Category : Political Science
Total pages :30
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"Trade between the European Union (EU) and developing countries is important—around 22 percent of the EU's exports go to developing countries, while 20 percent of the EU's imports originate in those countries. More specifically, trade between Latin America and the EU has ballooned in recent times..."What are the risks and opportunities facing the Latin American and Caribbean (LAC) region from the introduction of the euro? Will the replacement of the European currency basket by the euro have real economic effects, or will it be little more than an accounting phenomenon? This slim volume attempts to answer those questions. In doing so it covers the current economic situation, presents financial flow, discusses the value and volatility of the euro, and the financial implications of the euro, including the banking system and foreign debt and reserve management. Overall, the report gives a broad picture of the possible impact of the euro on the LAC region.

Europe and the Euro

Europe and the Euro
Author : Alberto Alesina,Francesco Giavazzi
Publisher : University of Chicago Press
Release Date : 2010-04-15
Category : Business & Economics
Total pages :624
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It is rare for countries to give up their currencies and thus their ability to influence such critical aspects of their economies as interest and exchange rates. Yet ten years ago a number of European countries did exactly that when they adopted the euro. Despite some dissent, there were a number of arguments in favor of this policy change: it would facilitate exchange of goods, money, and people by decreasing costs; it would increase trade; and it would enhance efficiency and competitiveness at the international level. A decade is an ideal time frame over which to evaluate the success of the euro and whether it has lived up to expectations. To that aim, Europe and the Euro looks at a number of important issues, including the effects of the euro on reform of goods and labor markets; its influence on business cycles and trade among members; and whether the single currency has induced convergence or divergence in the economic performance of member countries. While adoption of the euro may not have met the expectations of its most optimistic proponents, the benefits have been many, and there is reason to believe that the euro is robust enough to survive recent economic shocks. This volume is an essential reference on the first ten years of the euro and the workings of a monetary union.

The Euro and Economic Stability

The Euro and Economic Stability
Author : Ewald Nowotny,Peter Mooslechner,Doris Ritzberger-Grunwald
Publisher : Edward Elgar Publishing
Release Date : 2010-01-01
Category : Business & Economics
Total pages :240
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The Euro and Economic Stability assesses the euro area's merits as a shelter and the merits of euro assets as a safe haven and reviews the case for rapid euro adoption from a post-crisis view. Policymakers and economists provide relevant lessons from euro area divergences for future euro area members and, more generally, from the financial crisis, while banking representatives discuss post-crisis business models of banks in the area. Last but not least, a theoretical introductory chapter fills the gap between mainstream macroeconomic modelling and real-world decision-making. The prime audience for this invaluable book will be economists and other experts in the fields of economic policy and European integration from central, commercial and investment banks, governments, international organizations, universities and research institutes. The book is also aimed at readers with a particular interest in the contributions' special regional focus: Central, Eastern and South-Eastern Europe.

The Growing Role of the Euro in Emerging Market Finance

The Growing Role of the Euro in Emerging Market Finance
Author : Paul R. Masson
Publisher : World Bank Publications
Release Date : 2007
Category :
Total pages :129
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