Europe in 2010

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Issue:

Miscellaneous

 

Written by:

Karl S

 

Date added:

December 30, 2015

 

Level:

University

 

Grade:

B

 

No of pages / words:

7 / 1848

 

Was viewed:

3689 times

 

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Essay content:

This market will work more efficiently and deliver its benefits more fully with the removal of high transaction costs brought about by currency conversions and the uncertainties linked to exchange rate instability. EMU and the economic performance of the Euro area will have their largest external effects on neighboring economies in western Europe and on developing and transition countries with important trade and financial links to Europe, including countries that link their currencies to the Euro...
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Among emerging market economies, those likely to be most affected are the transition countries of the central and Eastern Europe and the Baltics. The global environment has been favorable in a number of respects for the transition to EMU and the achievements of its objectives. The strong demand for euro-area exports from industrial countries at more advanced stages of the business cycle and the depreciation of the currencies of euro area countries over the past four years fostered a strengthening of growth in the euro area and helped to offset the effects of the Asian crisis...
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