PPT-Lecture 17 European Monetary Unification and the Euro

Econ 340 Econ 340 Deardorff Lecture 17 Euro 2 Outline European Monetary Unification and the Euro What Is It History of the EMU Need for Convergence Pros and Cons of Unification Why Adjustment Is Hard. Oldřich Dědek. Institute of Economic Studies, Charles University. 2. Major themes in cost-benefit debate. Absorption of asymmetric shocks. Restoration of external price competitiveness. Autonomous monetary policy in face of growing capital mobility. EMU: . From . financialization . to exit?. Nuno . Teles. (CES, University of Coimbra). nunoteles@ces.uc.pt. Portugal as the second most indebted country in the World (next to Seychelles). Consequences:. GROWTH OF THE EU. Admission of Romania and Bulgaria 2007. Major debates about Turkey. Croatia and Macedonia . 2013. What . Does it Take to qualify for. Membership in the. . EU:. 1. . The candidate country has achieved stability of institutions. Layna. Mosley. Dept. of Political Science. UNC Chapel Hill. mosley@unc.edu. Cyprus, March 2013. Cyprus joined EU in 2004, and the . eurozone. in 2008. Outline. The making of Economic and Monetary Union (EMU). Agenda. The European Union. Treaties. The European Central Bank. The Euro/Eurozone. Who does not use the Euro?. Pros/Cons. PIIGS. Converting to the Euro. Europa Series of Euro . B. anknotes. 2. European Economic Community . : . lessons. . from. a comparative . analysis. of . monetary. . regimes. Jacques . Mazier. (CEPN-CNRS, . University. Paris 13 Sorbonne Paris Cité). Central Institute for . Economic. Management. Tóbi. Dorina). General . information. The European Central Bank (ECB) is the . central bank of the 19 EU Member States . that have adopted the euro.. Established. in. : 1998. Location. : Frankfurt (. Lecturer: Miljen Matijašević. e-mail: . miljen.matijasevic@pravo.hr. Session. . 4. , 31 . Mar . 2015. Today’s Session. Revision of the previous session. Economic and Monetary Union and the Euro. Layna. Mosley. Dept. of Political Science. UNC Chapel Hill. mosley@unc.edu. Cyprus, March 2013. Cyprus joined EU in 2004, and the . eurozone. in 2008. Outline. The making of Economic and Monetary Union (EMU). By lowering in 3BIS Review 81/2000Considering the first point, it has been suggested recently that national governments in the euro areashould pool their debt issuing in one central agency, acting on behalf of borro North Korea summit – will its signature matter?. Iran Nuclear deal – will its demise matter?. The European Union (lecture notes courtesy of Craig Parsons). Takehome. messages from readings. Grieco. From Europe to the Euro. From Europe to the Euro. an outline. What is the EU. Before the Euro. The Euro. Time line. Map. United in diversity. Advantages/Benefits. Some definitions. Euro-zone. Advantages. Workshop on the . Implementation of the . 2008 . SNA in . EECCA countries and linkages with BPM6 and GFSM 2014. Istanbul, 6-8 May 2015. Gabriel . Quirós. Head of Division. Macroeconomic Statistics.