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 Roma Holocaust by Simon Oertel
Cover of the book Ryle vs. official doctrine on how to explain an intentional action by Simon Oertel
Cover of the book What is love - Are love and romance nothing but socially constructed? by Simon Oertel
Cover of the book Braking Systems in Microlight Air Planes by Simon Oertel
Cover of the book Gangster mythology in Howard Hawks' 'Scarface - Shame of the nation' by Simon Oertel
Cover of the book Consociational Democracy in Lebanon (1945-1975) by Simon Oertel
Cover of the book El individualismo metodológico de Noguera y Elster by Simon Oertel
Cover of the book Tales of Transference: A Study of Psychoanalytic Thought in the Films of Woody Allen by Simon Oertel
Cover of the book From e-learning to blended learning by Simon Oertel
Cover of the book Voter's choice in Ukraine's Presidential and Parliamentary Elections since 1994 by Simon Oertel
Cover of the book US-American folk music and its political stances from the great depression to the present by Simon Oertel
Cover of the book Analyzing Word of Mouth in the Web 2.0 for Product Related Marketing Research by Simon Oertel
Cover of the book T. S. Eliot, The Jew of Malta: Farcical and symbolical elements, anti-christian elements, anti-muslim elements, dramatic technique by Simon Oertel
Cover of the book Foreign Market Servicing Strategies - the METROGroup in China by Simon Oertel
Cover of the book Discontent with democracy - How income inequality affects the satisfaction with democratic realities 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