The EMU and the ECB - How does the Eurosystem work

How does the Eurosystem work

Business & Finance, Economics, Money & Monetary Policy
Cover of the book The EMU and the ECB - How does the Eurosystem work by Simon Oertel, GRIN Publishing
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Simon Oertel ISBN: 9783638591553
Publisher: GRIN Publishing Publication: January 12, 2007
Imprint: GRIN Publishing Language: English
Author: Simon Oertel
ISBN: 9783638591553
Publisher: GRIN Publishing
Publication: January 12, 2007
Imprint: GRIN Publishing
Language: English

Seminar paper from the year 2005 in the subject Economics - Monetary theory and policy, grade: A, Washington College (Faculty of Economics), course: International Finance 401, 5 entries in the bibliography, language: English, abstract: The creation of the European Monetary Union (EMU) and the introduction of the euro has been an experiment without comparable predecessor. The euro area combined has the second largest GDP in the world, only outperformed by the United States. Therefore, this historical event has been widely discussed, in different academic fields (economics, sociology, history, psychology and others), in different countries, and of course bars, newspapers and TV shows all around the world. As with probably every event of this impact, the opinions on whether the euro is a success or not are widely spread. This paper tries to give a brief overview on two major topics: the Stability and Growth Pact which sets the rules for the countries participating in EMU and the European Central Bank, the newly created institution which is set up to guard the price stability in the euro area and the confidence in the euro. The paper will first give an historical overview on the events that led to the creation of EMU, then, it introduces the Stability and Growth Pact (SGP) and the Maastricht Criteria. The field of economics is divided between supporters and opponents of the SGP therefore, their different points of view will be presented. Thereafter, the recent developments in the euro area will be discussed. The second part will present the ECB, the system it operates in and its functions. In order to include international financial theory, I briefly discuss the ECB's monetary policy and its influence on inflation. Last but not least, a conclusion will present arguments for and against a successful euro, and also present my personal point of view. [...]

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

Seminar paper from the year 2005 in the subject Economics - Monetary theory and policy, grade: A, Washington College (Faculty of Economics), course: International Finance 401, 5 entries in the bibliography, language: English, abstract: The creation of the European Monetary Union (EMU) and the introduction of the euro has been an experiment without comparable predecessor. The euro area combined has the second largest GDP in the world, only outperformed by the United States. Therefore, this historical event has been widely discussed, in different academic fields (economics, sociology, history, psychology and others), in different countries, and of course bars, newspapers and TV shows all around the world. As with probably every event of this impact, the opinions on whether the euro is a success or not are widely spread. This paper tries to give a brief overview on two major topics: the Stability and Growth Pact which sets the rules for the countries participating in EMU and the European Central Bank, the newly created institution which is set up to guard the price stability in the euro area and the confidence in the euro. The paper will first give an historical overview on the events that led to the creation of EMU, then, it introduces the Stability and Growth Pact (SGP) and the Maastricht Criteria. The field of economics is divided between supporters and opponents of the SGP therefore, their different points of view will be presented. Thereafter, the recent developments in the euro area will be discussed. The second part will present the ECB, the system it operates in and its functions. In order to include international financial theory, I briefly discuss the ECB's monetary policy and its influence on inflation. Last but not least, a conclusion will present arguments for and against a successful euro, and also present my personal point of view. [...]

More books from GRIN Publishing

Cover of the book Discussion of Lunds vision of an emerging norm of prevention in the context of the unfolding crisis in Zimbabwe by Simon Oertel
Cover of the book Meanings of the White Whale (Herman Melville: Moby Dick) by Simon Oertel
Cover of the book Stephen Greenblatt's New Historicism. A Viable Theory? by Simon Oertel
Cover of the book Male protagonists and their marital situation portrayed in Katherine Mansfield's 'The Stranger' and 'A Birthday' by Simon Oertel
Cover of the book The application of three major characteristics of liturgy as seen in the Rite of Christian Initiation of Adults to Pastoral Care of the Sick and Dying by Simon Oertel
Cover of the book Productivity and the Management of Performance by Simon Oertel
Cover of the book The Recovery of History as a Dialogic Process: The Role of Judith in David Bradley's 'The Chaneysville Incident' by Simon Oertel
Cover of the book When should an Original Equipment Manufacturer (OEM) remanufacture? by Simon Oertel
Cover of the book Zadie Smith's White Teeth: Identity Construction between Historical Roots and Transcultural Hybridity by Simon Oertel
Cover of the book Partnership at work by Simon Oertel
Cover of the book Two Levels: Lewis Carroll's Alice Books as Children's Literature and Adult Fiction by Simon Oertel
Cover of the book Kant's foundation of moral actions by Simon Oertel
Cover of the book How To Gain Trust From Employees by Simon Oertel
Cover of the book Influences on Women's Labour Market Participation by Simon Oertel
Cover of the book A Literature Review on the Impact of Investment in Human Capital on Economic Success: How do Human Resources Practices affect Organisational Performance? by Simon Oertel
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