Here is the synopsis of our sample research paper on THE NEED FOR A SINGLE CURRENCY IN TODAY'S GLOBAL SCENARIO. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 3-page paper examines the pros and cons for a single global currency. Bibliography lists 15 sources.
Page Count:
3 pages (~225 words per page)
File: AS43_MTonecurre.rtf
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Unformatted sample text from the term paper:
impediment. We are already, in a sense, a very globalized economy; anyone doubting this should examine carefully what the subprime interest and banking fallout in the United States during fall
2008 has done to other countries currencies. However, given the current speed of globalization, the idea of one currency to help facilitate it is the best way to go, rather
than the fractured, diverse monetary currencies of different countries. There are those, of course, who tend to fear a single currency. Once such
argument is that a multi-currency market means investors can find a safe currency in which to invest, if the currency in another country should plummet (Burning one world currency A16).
There are also questions of sovereignty - there is the feeling that if a country gives up its currency to link to a global one, that a nations identity would
somehow be lost (Baxter D2). Furthermore, there is some anecdotal proof that a single currency generally has a rough beginning - the euro
certainly wasnt a success story when it first was out of the gate (Elliott 25). Getting everyone on the same page to begin with is difficult. It happened with the
euro, and now the Middle East countries are going through the same thing as they attempt to reach a consensus for a single currency in that region (Dudley S30).
And, 10 years after its launch, the euro isnt exactly the steady currency it was hoped to be. Countries pegged to a single currency
cant, for example, devalue currency if the economy does a nosedive - which is what Italy typically resorted to in the past with the lire faltered (Underhill 10). These days,
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