[DOWNLOAD] "Euro As a New Force for Economic Integration? and, Perhaps, Political Integration?/Ekonomik Butunlesme Icin Yeni Bir Guc Olarak Euro? Ya Da Belki Siyasi Bir Butunlesme? (Report)" by Civilacademy Journal of Social Sciences # eBook PDF Kindle ePub Free
eBook details
- Title: Euro As a New Force for Economic Integration? and, Perhaps, Political Integration?/Ekonomik Butunlesme Icin Yeni Bir Guc Olarak Euro? Ya Da Belki Siyasi Bir Butunlesme? (Report)
- Author : Civilacademy Journal of Social Sciences
- Release Date : January 22, 2009
- Genre: Social Science,Books,Nonfiction,
- Pages : * pages
- Size : 103 KB
Description
The Effects of the EMU and the ECB in International Finance and European Integration By introducing Euro in January 1999, the continent of Europe opened a new era in monetary and economic fields. In the beginning, eleven out of fifteen members of the European Union (EU) adopted the new currency, and Greece joined afterwards in 2001, with Great Britain, Denmark and Sweden still not joining the monetary union. The currency entered into the market in January 2001, and became the sole Eurozone currency by February 2002 (Salvatore, 2002: 154). This has been the first time that powerful countries decided to transfer their monetary sovereignty to a bigger supranational institution. The European Central Bank (ECB), located in Frankfurt, in the first place, took the responsibility of arranging the monetary policies according to the twelve countries that accepted the new currency (Rich, 2004: 241).