StudentShare solutions
Triangle menu

Euro - Essay Example

Nobody downloaded yet

Extract of sample

They introduced the Euro in non-physical electronic form at midnight on 1 January 1999. At that time, the national currencies of participating countries ceased to exist. Nevertheless, they continued as legal tender until new euro notes and coins were introduced on 1 January 2002. The changeover period lasted until 28 February 2002.
The purpose of the Euro was to solidify the European economy as a whole (Gerlach and Svensson 2003). Differences cause by rounding and the use of significant digits made international trade difficult on the subcontinent itself. Plus, the institution of a unified mode of exchange augmented trade outside Europe. As a result, the European economy has become stronger both internally and externally.
Compare the performance of the Euro to the U.S. dollar, for instance (Portes et al 1998). From the start, the Euro represented about one and a half times the value of the U.S. dollar. Although it has risen and fallen over the last decade, it has always remained competitive and never sunk below the value of a U.S. dollar. This indicates a robust global presence on part of the Euro. It will be interesting to observe the impact of the Euro on stabilizing our current global recession.
References and further reading may be available for this article. To view references and further reading you must purchase this article. Stefan Gerlach and Lars E. O. Svensson. Journal of Monetary Economics, Vol. 50, No. 8, November 2003, pp. ...Show more


The formulation of the Euro as a form of currency significantly impacted international exchange since its inception. Here, we review the Euros history, its purpose, its fluctuation…
Author : edison81
Euro essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Changes in the European Euro
For the more recent two weeks it has been volatile ranging between the lowest € 0.7234 to € 0.7387 per USD. The dollar strengthened 0.4 percent to $1.3554 per euro at 5 p.m. in New York, from $1.3603 on 10th February 2011, when it rallied 1 percent. The greenback gained 0.2 percent that week against the common currency.
2 pages (500 words) Essay
The Euro Essay
With the economic and political integration in Europe, the use of single currency means that a slight economic shock in one of the member countries affects the economic operations in other member states. Indeed, this year, 2012, is the year to either make or break the crisis that has seen economic slowdown in some European states and has made different sovereign countries pass the blame to other members.
6 pages (1500 words) Essay
Euro Behaviour
This paper carries a critical analysis of the performance of the Euro currency since 2005 to date. The analysis will analyze the trends that characterize its performance. Explanations to the trends in exchange rates will be based on the price parity trends, the financial market performance, asset market trends and balance of payment effects.
8 pages (2000 words) Essay
Euro Currency
This new development of the single currency follow in five steps: (1) a stronger role for the European Council; (2) a common acceptance within the monetary Community of the goals of each national monetary policy; (3) a coordinated intervention by the European Central Banks to defend a country under pressure by speculative capital movements, either by loans or by sharing the burden of interest rates; (4) more stringent common decisions on the distribution of safety clauses for the member states; (5) a common standing by the EC in its international negotiations, particularly with the United States and Japan.
10 pages (2500 words) Essay
Euro meditarranean partnership
The main reason that led the concerned leaders into this partnership is the construction of the region's much needed stability and nobody can deny it. It had been one of the most volatile regions of the world, where Islam and Christianity, diverse cultures, economical inequalities, religious fundamentalism, nuclear proliferation, terrorism, fanatism, drugs, international military conflicts, thriving secret intelligence and political maneuvers all compete with one another for sheer supremacy.
10 pages (2500 words) Essay
Euro-Mediterranean Partnership
Cyprus and Malta newly joined, Mediterranean partners are: Algeria, Egypt, Israel, Jordan, Lebanon, morocco, Palestinian Authority, Syria, Tunisia and turkey, while Libya remains an observer since 1999. This is ambitious initiative on regional relationship with three main objectives:
6 pages (1500 words) Essay
Should Britain adopt the Euro
On January 1, 2001, 12 of the 15 countries in Europe replaced their currencies with the Euro so as to eradicate trading obstacles between European Union (EU) nations which was intended to increase trade and investment between these countries. This
4 pages (1000 words) Essay
Britain and the Euro Zone
A great debate has ensued regarding whether or not Britain (and its two counterparts) should join the Euro Zone. The paper will discuss this subject
4 pages (1000 words) Essay
The Euro
Indeed, this year, 2012, is the year to either make or break the crisis that has seen economic slowdown in some European states and has made
6 pages (1500 words) Essay
Case Analysis Euro Disney
The company had a loss of FFr 188 million from April to September 1992 while the French tourists only encompassed 29% of the tourists that visited Disneyland. In
13 pages (3250 words) Essay
Hire a pro to write
a paper under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
Comments (0)
Click to create a comment