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    European Economic and Monetary Union The Economic and Monetary Union (EMU) is a single currency area within the European Union in which people, goods, services and capital move without restriction (Europa Quest (1), 2001). Imperative to the success of the EMU is the implementation of a single European currency, the Euro, and the application of specific macro-economic policies by the EMU member states (Harris, 1999: 78). Moreover, it is the foreseeable intent of European governments to create a framework

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    Economic and Monetary Union of Europe The main reason for creating a European Market was the growing international competitiveness. In the mid of the eighties the European countries recognized that in the long run the national economies alone won't be able to compete against countries like the US, Japan and the new industrial centers in East Asia. The biggest advantage of the European integration is the unique chance of causing significant economic growth in the member countries by abolishing all

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    entirely to be blamed on new currency and that the allegation that the EMU is a disaster is totally unfounded. For over thirty years now a European Monetary Union has belonged to the articulated aims of the European Union. All previous attempt to establish a Monetary Union, such as the so-called “Werner- Plans” in 1979 through the European Monetary System (EMS), failed though. In 2002 the EMU finally was put into full effect. Now that the Euro- countries have experienced three years with the Euro

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    Sustaining the European Monetary Union

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    Since the beginning of this century, the first monetary union in history has become one of the most criticized economic experiments with multiple complications.1 The Eurozone, a group of countries that share the Euro currency, form this controversial monetary union. Participants include Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain. Many of these countries have become dependent

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    The Impact of European Monetary Union

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    According to Lane (2006), the European Monetary Union (EMU) began on the year 1999. Following his line of analysis and reasoning, this paper shall seek to analyze the purported impacts of the said action in the light of their inflation rates and the proportion of their portfolio holdings allocated to the other members of the Euro-zone. Furthermore, the author of this paper shall look qualitatively in the current Asian context to examine the relevance of a monetary union in the continent. Further, this study

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    The European Monetary Union (EMU) - The Euro as a Single Currency Liberalizing trade is nothing new to the world, but we have never witnessed such a vast economic integration between sovereign countries like the integration carried out in the European Union. Customs duties between European countries started to come down steadily in the early 1950s and were abolished in 1968 with the introduction of a customs union and the implementation of the common external tariff. The official proclamation of

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    UK Membership of the European Monetary Union 1. Introduction In January of 1999, eleven from fifteen members of the European Union (EU) irrevocably locked their currencies together to become the European Economic and Monetary Union (EMU). Their new common currency, the euro, is now the currency for most of Western Europe. Now one of the biggest questions on the minds of the population is: Should the UK join with the rest of Western Europe in monetary union? 2. Arguments For UK membership:

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    European Economic Monetary Union Introduction Any country maintaining its currency will always have the advantage of meeting its compulsions, which are in its currency, without some limit. Besides, own currency enables a nation to be independent in terms of policy formulations. On the other hand, a nation maintaining its currency is likely to daunt its tourism sector. This is because the tourists visiting the country would have to change money while traveling from their countries, as opposed to using

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    Germany

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    contraction in the construction industry limited the expansion. Unemployment continued to set post-war monthly records through the end of 1997 and averaged 4.3 million for the year. In preparation for the first of January 1999, the start of the European Monetary Union, the government has made major efforts in 1996-97 to reduce the fiscal deficit. This effort has been complicated by growing unemployment, an erosion of the tax base, and the continuing transfer of roughly $100 billion a year to eastern Germany

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    Government Budgets on Inflation

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    Government Budgets on Inflation Problems with format ?Since Greece and Italy are in the European Union and have both joined the European Monetary Union, one might think that they would have fairly stable economies, and Turkey would be the unstable one of the three.? But that is not necessarily true.? Although Turkey does have more of an unsteady economy, Italy and Greece?s were not doing so well in the recent past.? Looking at each country separately then comparing the three is the best way to

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