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five economic tests

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Issue:

Business

 

Written by:

Ruby W

 

Date added:

January 6, 2011

 

Level:

University

 

Grade:

A

 

No of pages / words:

3 / 632

 

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3090 times

 

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Essay content:

If problems emerge, is there sufficient flexibility to deal with them? 3. Would joining the euro create better conditions for firms making long-term decisions to invest in Britain? 4. What impact would entry into the euro have on the UK's financial services industry? 5. Would joining the euro promote higher growth, stability and a lasting increase in jobs? History of the tests It is alleged that the five tests were dreamt up by then shadow Chancellor Gordon Brown and his assistant Ed Balls in the back of a taxi during a visit to the United States...
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Despite this uncertain pedigree, the IMF deemed them to be "broadly consistent with the economic considerations that are relevant for assessing entry into a monetary union"[1] (http://www.imf.org/external/np/ms/2001/121101.htm). The UK Treasury is responsible for assessing the tests. It first did so in October 1997, when it was decided that the UK economy was neither sufficiently converged with that of the rest of the EU, nor sufficiently flexible, to justify a recommendation of membership at that time...
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General issues of this essay:
Fiscal and Monetary Policy For arts industry fiscal and monetary policy five economic tests Monetary & Fiscal Policies Monetary And Fiscal Policy Monetary and Fiscal Policies Monetary and Fiscal Policy Monetary/fiscal Policy PERSONAL TESTS & EVALUATIONS ASSESSMENT The UK Housing Market Monetary And Fiscal Policy Advantages & Disadvantages of constructing a factory at housing area. Emigration of labour and its impact on the labour market of the emigration country monetary and fiscal policy What do you understand by Economic and Monetary Union? To what extent does membership of an Economic and Monetary Union constrain a country's use of monetary and fiscal policy
 

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