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Essay / Research Paper Abstract
This 10 page paper considers the impact that the implementation of the single European countries has had on the economies of the participating countries and how it has effected the role of monetary policy as an economic tool. The writer also considers the role of the European Central Bank (ECB). The bibliography cites 8 sources.
Page Count:
10 pages (~225 words per page)
File: TS14_TEecbcur.rtf
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Unformatted sample text from the term paper:
on this day that it became legal tender and replaced the national currencies in all of the Eurozone shops and markets. There were even queues at the cash point machines
so that people would be able to be some of the first to use and see this new currency that was to the external signal of monetary union.
This was an outwards sign of the union movements that have been taking place for many years. If we want to consider the real
impact of the single currency we need to look at a range of issues much broader, as there were many underlying requirements and needs that were put into pace and
had to be satisfied before the single currency could go ahead. Even membership of the EU requires some adjustments and changes. For
the more complex and established economies many of the changes that were required passed with little notice, whilst others were harsher. Even France faced mass strikes when seeking to adapt
the budget so that it would meet with the convergence criteria. It is against that background we can argue that this meant even greater changes in order for their economise
to be brought in line. This has meant changes in the economies as well as the fincial structures. To consider how this
may have impacted in any country the first aspect of any study needs to be the outlining of the criteria that had to meet in order for it to be
possible to join the currency. These convergence criteria were laid down by the Maastricht treaty in 1992, and were seen as necessary in order to bring the economies of the
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