Library Research Assignment : EMU and EURO
Scenario
As the world economy becomes more globalized, it is expected
that economic integration will continue.
There are 6 stages of economic integration:
Your firm is expanding into Europe, and your department head
has asked you to put together a report on monetary unions in general, include
the following:
Discuss the advantages and disadvantages relative to a
nation maintaining its own individual currency.
Discuss the EMU and the euro in detail, including the
following:
its history the countries involved its implementation how it
has functioned over the last decade, noting any issues that had to be overcome
How did the International Monetary Fund (IMF) reassign the special drawing
rights (SDR) as a result of changing from several European currencies to
the euro?
Discuss whether the EMU helped or hindered the development
of the European
Union.
Conclude the report with a brief discussion on the possible
advantages and
disadvantages of the amero, a possible common currency for
Canada, Mexico, and
the United States, which has come up in the press from time
to time. Discuss why
you would favor or be against a common currency for North
America
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