The Euro - Should Britain join the European Monetary Union?
Should Britain join the European Monetary Union?
Business & Finance, Economics, Money & Monetary Policy
| Author: | Florian Langhammer | ISBN: | 9783638271042 |
| Publisher: | GRIN Publishing | Publication: | April 24, 2004 |
| Imprint: | GRIN Publishing | Language: | English |
| Author: | Florian Langhammer |
| ISBN: | 9783638271042 |
| Publisher: | GRIN Publishing |
| Publication: | April 24, 2004 |
| Imprint: | GRIN Publishing |
| Language: | English |
Seminar paper from the year 2001 in the subject Economics - Monetary theory and policy, grade: 2,0 (B), Oxford Brookes University (Business School), course: Business Environment of the UK, language: English, abstract: HISTORICAL INTRODUCTION OF THE EMU With the Maastricht Treaty the EC heads of state and government agreed on a three-legged 'European Union' (EU) on December 9 and 10, 1991, which should include a common foreign and security policy, cooperation on domestic and security policy and the creation of a European Economic and Monetary Union (EEMU). The European Monetary Union (EMU) is to be effected according to a concrete time schedule - the three-stage plan which was agreed upon in the Maastricht Treaty and the conversion plan which was decided December 1995. To ensure the stability of a single currency, especially in the initial phase, the states participating in the EMU must satisfy the following convergence criteria as constituted in the Maastricht treaty: 1.Inflation criteria: Price stability with no more than 1.5 percentage points above the inflation rate of the top three member states. [...]
Seminar paper from the year 2001 in the subject Economics - Monetary theory and policy, grade: 2,0 (B), Oxford Brookes University (Business School), course: Business Environment of the UK, language: English, abstract: HISTORICAL INTRODUCTION OF THE EMU With the Maastricht Treaty the EC heads of state and government agreed on a three-legged 'European Union' (EU) on December 9 and 10, 1991, which should include a common foreign and security policy, cooperation on domestic and security policy and the creation of a European Economic and Monetary Union (EEMU). The European Monetary Union (EMU) is to be effected according to a concrete time schedule - the three-stage plan which was agreed upon in the Maastricht Treaty and the conversion plan which was decided December 1995. To ensure the stability of a single currency, especially in the initial phase, the states participating in the EMU must satisfy the following convergence criteria as constituted in the Maastricht treaty: 1.Inflation criteria: Price stability with no more than 1.5 percentage points above the inflation rate of the top three member states. [...]
