Here is the synopsis of our sample research paper on The Success of a Single European Currency. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
This 12 page paper examines the Euro; the single European Currency and is written in two parts. The first part will consider the criteria and the way it has or ha s not been met by different countries both before and after convergence and the adoption of the single currency. The paper will then consider the way advantages and disadvantages this brings. The bibliography cites 9 sources.
Page Count:
12 pages (~225 words per page)
File: TS14_TEcurn02.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
the economic and policy determinations of over 400 million people in 15 European countries, and will result in the largest gross national product in the world (Schlessinger, 1994). Not
all countries have joined, and another ten Eastern European countries have applied to join, so this is likely to increase in size even further. For a project such as
this to succeed there was a need to lay down harsh economic criteria to ensure currency and economic stability within the area. However, these brought both advantages and disadvantages. This
paper is written in two parts. The first part will consider the criteria and the way it has or ha s not been met by different countries both before and
after convergence and the adoption of the single currency. The paper will then consider the way advantages and disadvantages this brings. The
convergence criteria were laid down by the Maastricht treaty in 1992, and were seen as necessary in order to bring the economies of the different countries into the sme cycle
and into the same relative position to ensure stability within the currency once in operation. The government spending must be under control, with the total amount of government borrowing
not exceeding 60% of the GDP, the government deficit needs to be no more that 3% of GDP (Bloomberg, 2002). Inflation needs to be under control, not exceeding 1.5% of
the average of the best three countries within the EU, and the long-term interest rates should be within 2% of the average interest rate of the same three countries with
the lowest inflation rate (Bloomberg, 2002). Before entrance into the currency there also needs to have been a minimum of two years stability within pre-set bands in the margins set
...