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Europe in 2010
Essay specific features
Written by:
Karl S
Date added:
December 30, 2015
Level:
University
Grade:
B
No of pages / words:
7 / 1848
Was viewed:
3746 times
Rating of current essay:
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...
displayed 300 characters
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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...
displayed 300 characters
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