Does the Single EU Market Really Require a Single Currency?

Does the Single EU Market Really Require a Single Currency?
Author: Veronica Hagenfeldt
Publisher: GRIN Verlag
Total Pages: 25
Release: 2011-03-30
Genre: Political Science
ISBN: 3640880323

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Scientific Essay from the year 2009 in the subject Business economics - Economic Policy, University of Edinburgh (School of Law), course: Economics and Policy of European Integration, language: English, abstract: Part I of this paper will illustrate that although the currency union signified the next significant step along the European integration ladder that was built already back in 1958, it must be recognised that the single market is not yet fully established in Europe. Hence the phrasing of the title question suggests the reading of whether or not the single currency is absolutely necessary for the completion of the single market. Part II is dedicated to the central aim of this paper, namely to assess to what extent the common currency furthers, or indeed counteracts, the achievement of the fundamental single market objective. While this essay goes to lengths in highlighting the desirability of the single currency and its many benefits that help further the achievement of the single market, it does however maintain that the currency union is not absolutely necessary for the establishment of the common market. Indeed, as has been noted, “it is possible to have a single market without a single currency”. Furthermore, as will be shown in the forthcoming sections of Part II, there are even situations in which the single currency might be harmful to the single market and to the Union. Although the answer to the title question of whether a single currency is really required must necessarily be in the negative since the single market could potentially exist without the euro, this essay will conduct an extensive evaluation of the successes and failures of the euro and the Economic and Monetary Union (EMU) to further the single market objective in order to illustrate that the euro has nonetheless both enabled it to function much more efficiently and helped to bring European economic and political integration to previously unknown levels. In this sense the single market does not necessarily require a single currency, but the euro will nevertheless be hugely important in furthering its establishment.

The European Union: A Very Short Introduction

The European Union: A Very Short Introduction
Author: John Pinder
Publisher: Oxford University Press, USA
Total Pages: 209
Release: 2013-07-25
Genre: Business & Economics
ISBN: 0199681694

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John Pinder and Simon Usherwood explain the EU in plain readable English. They show how and why it has developed, how the institutions work, and what it does - from the single market to the euro, and from agriculture to the environment.

Euro Single Currency

Euro Single Currency
Author:
Publisher: GRIN Verlag
Total Pages: 33
Release:
Genre:
ISBN: 3656048932

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One Market, One Money

One Market, One Money
Author: Michael Emerson
Publisher:
Total Pages: 356
Release: 1992
Genre: Business & Economics
ISBN: 9780198773245

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The European Community is negotiating a new treaty to establish the constitutional foundations of an economic and monetary union in the course of the 1990s. This study provides the only comprehensive guide to the economic implications of economic and monetary union. The work of an economist inside the Commission of the European Community, it reflects the considerations influencing the design of the union. The study creates a unique bridge between the insights of modern economic analysis and the work of the policy makers preparing for economic and monetary union.

In with the Euro, Out with the Pound

In with the Euro, Out with the Pound
Author: Christopher Johnson
Publisher: Penguin UK
Total Pages: 280
Release: 1996
Genre: Business & Economics
ISBN:

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Se pretende con este libro intervenir en el debate publico sobre la integracion de Gran Bretaña en la union monetaria. El autor, claramente favorable a la participacion britanica, estima que gran parte del rechazo popular a la misma radica en la automarginacion de los europeistas del debate. Es por ello que su libro, eminentemente divulgativo, presenta las caracteristicas generales del proceso de adopcion de la moneda unica y sus consecuencias sobre la futura politica economica de los gobiernos europeos. Pero, sobre todo, el autor describe los pros y los contra de la union monetaria, para mostrar como las ventajas economicas de la adhesion a la moneda unica superan claramente sus inconvenientes. Concluye el libro con una argumentacion sobre la necesidad de que Gran Bretaña adopte la moneda unica en 1999. Contiene cuadros y bibliografia. (rms).

It's a Better Life

It's a Better Life
Author: European Commission
Publisher: Luxembourg : Office of Official Publications of the European Communities
Total Pages: 32
Release: 2002
Genre: Citizenship
ISBN:

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The creation, growth and development of the European Union have over the last fifty years freed its citizens from all sorts of restrictions. Progress has been especially marked since the creation of the EU's single market' a decade ago. National frontiers between EU countries have been virtually dismantled. The resulting single market means that goods, people and services can move freely throughout the EU and it has opened up economic and working opportunities that have transformed the lives of hundreds of millions of Europeans.This booklet describes some of the many benefits EU citizens now enjoy. It sets out to show that the single market is not a dry and dusty concept relevant only to big business. It is delivering a better life for everyone.

One Currency for One Europe

One Currency for One Europe
Author: European Commission
Publisher:
Total Pages: 32
Release: 2007
Genre: Emus
ISBN:

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ECU in Business:How to Prepare for the Single Currency in the European Union

ECU in Business:How to Prepare for the Single Currency in the European Union
Author: Ralph Mehmert-Meland
Publisher: Springer
Total Pages: 292
Release: 1994-09-23
Genre: Business & Economics
ISBN:

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The consequences of monetary union among the EU member states will have numerous practical implications, affecting not only financial institutions but other business organizations, large and small, as well as the private citizen. This book explains these practical consequences so that businessmen, bankers and others can plan for the inevitable arrival of the ECU in good time.

Europe in 12 Lessons

Europe in 12 Lessons
Author: Pascal Fontaine
Publisher:
Total Pages: 114
Release: 2017
Genre: Europe
ISBN: 9789279535901

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The European Union

The European Union
Author: Kristin Archick
Publisher:
Total Pages: 28
Release: 2019-09-15
Genre:
ISBN: 9781693263408

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The European Union (EU) is a political and economic partnership that represents a unique form of cooperation among sovereign countries. The EU is the latest stage in a process of integration begun after World War II, initially by six Western European countries, to foster interdependence and make another war in Europe unthinkable. The EU currently consists of 28 member states, including most of the countries of Central and Eastern Europe, and has helped to promote peace, stability, and economic prosperity throughout the European continent. The EU has been built through a series of binding treaties. Over the years, EU member states have sought to harmonize laws and adopt common policies on an increasing number of economic, social, and political issues. EU member states share a customs union; a single market in which capital, goods, services, and people move freely; a common trade policy; and a common agricultural policy. Nineteen EU member states use a common currency (the euro), and 22 member states participate in the Schengen area of free movement in which internal border controls have been eliminated. In addition, the EU has been developing a Common Foreign and Security Policy (CFSP), which includes a Common Security and Defense Policy (CSDP), and pursuing cooperation in the area of Justice and Home Affairs (JHA) to forge common internal security measures. Member states work together through several EU institutions to set policy and to promote their collective interests. In recent years, however, the EU has faced a number of internal and external crises. Most notably, in a June 2016 public referendum, voters in the United Kingdom (UK) backed leaving the EU. The pending British exit from the EU (dubbed "Brexit") comes amid multiple other challenges, including the rise of populist and to some extent anti-EU political parties, concerns about democratic backsliding in some member states (including Poland and Hungary), ongoing pressures related to migration, a heightened terrorism threat, and a resurgent Russia. The United States has supported the European integration project since its inception in the 1950s as a means to prevent another catastrophic conflict on the European continent and foster democratic allies and strong trading partners. Today, the United States and the EU have a dynamic political partnership and share a huge trade and investment relationship. Despite periodic tensions in U.S.-EU relations over the years, U.S. and EU policymakers alike have viewed the partnership as serving both sides' overall strategic and economic interests. EU leaders are anxious about the Trump Administration's commitment to the EU project, the transatlantic partnership, and an open international trading system-especially amid the Administration's imposition of tariffs on EU steel and aluminum products since 2018 and the prospects of future auto tariffs. In July 2018, President Trump reportedly called the EU a "foe" on trade but the Administration subsequently sought to de-escalate U.S.-EU tensions and signaled its intention to launch new U.S.-EU trade negotiations. Concerns also linger in Brussels about the implications of the Trump Administration's "America First" foreign policy and its positions on a range of international issues, including Russia, Iran, the Israeli-Palestinian conflict, climate change, and the role of multilateral institutions. This report serves as a primer on the EU. Despite the UK's vote to leave the EU, the UK remains a full member of the bloc until it officially exits the EU (which is scheduled to occur by October 31, 2019, but may be further delayed). As such, this report largely addresses the EU and its institutions as they currently exist. It also briefly describes U.S.-EU political and economic relations that may be of interest.