- Marmara Üniversitesi Avrupa Topluluğu Enstitüsü Araştırmaları Dergisi
- Vol: 6 Issue: 1
- YAKLAŞAN AVRUPA BİRLİĞİ PARASAL BİRLİĞİ SÜRECİNDE "GÜÇLÜ" VE "ZAYIF" EURO'NUN ET...
YAKLAŞAN AVRUPA BİRLİĞİ PARASAL BİRLİĞİ SÜRECİNDE "GÜÇLÜ" VE "ZAYIF" EURO'NUN ETKİLERİ
Authors : Yüksel Birinci
Pages : 43-61
View : 7 | Download : 2
Publication Date : 1998-06-22
Article Type : Research
Abstract :This study discusses what kinds of economic and political effects the cases of both a "hard" and a "soft" Euromoney could have on Europe, and what kinds of ec- onomic or political advantages or risks they could bring. Having a stable currency, Monetary Union can lead to economic and political development of Europe and bring some economic advantages. The Euro will eliminate exchange rate risks and trans- action costs among countries in the Union. Thus, financial markets will become more effective; all markets will become more transparent; and competition among member countries will increase. As a result, a stable Euro will develop the common market and increase economic co-operation among enterprises. However, more competition requires radical and dramatic structural changes and more flexible entreprises, en- trepreneurs, and national economic and social policies. Consequently, a stable Euro will help to realize a more integrated European market.Keywords :