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 The Impact of Arab World Satellite Television on the Democratisation Process in the MENA States by Andreas Penzkofer
Cover of the book Geoffrey Chaucer's 'The Tale of Sir Thopas': Elements of Parody and Satire by Andreas Penzkofer
Cover of the book Does the senate enhance oder undermine australian liberal democracy? by Andreas Penzkofer
Cover of the book Essay on Graham Greene's 'Proof Positive' by Andreas Penzkofer
Cover of the book Tackling the Farmer-to-Market-Linkage Problem for Small-Scale-Farmers in Sub-Saharan Africa by Andreas Penzkofer
Cover of the book Death and Initiation in 'The Short Happy Life of Francis Macomber' and 'The Snows of Kilimanjaro' by Ernest Hemingway by Andreas Penzkofer
Cover of the book Novartis - an internal scanning of a pharmaceutical company by Andreas Penzkofer
Cover of the book Kapitalflussrechnung nach IAS 7 by Andreas Penzkofer
Cover of the book The Potential for the Production of Bioenergy for Lighting and Cooking Using Jatropha (Jatropha curcas L. Euphorbiaceae) by Small Scale Farmers on the Kenyan Coast by Andreas Penzkofer
Cover of the book The potential threat of corporate growth by Andreas Penzkofer
Cover of the book Knowledge transfer through narrations - Wissenstransfer mit Hilfe von Narrationen by Andreas Penzkofer
Cover of the book Soziale Schichtung in Polen by Andreas Penzkofer
Cover of the book Particle movement in phrasal verbs by Andreas Penzkofer
Cover of the book Representing Motherhood: Images of Mothers in Contemporary Young Adult Literature by Andreas Penzkofer
Cover of the book Language shift and death of indigenous languages in Australia 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