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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
The Economics of European Integration - The Perspective of Italy

The Economics of European Integration - The Perspective of Italy

Krenke, Raphael

Paperback

EconomicsGeneral Political Science

ISBN10: 3656383723
ISBN13: 9783656383727
Publisher: Grin Verlag
Published: Mar 6 2013
Pages: 40
Weight: 0.14
Height: 0.10 Width: 5.83 Depth: 8.27
Language: English
Seminar paper from the year 2013 in the subject Business economics - Economic Policy, grade: 2.0, University of Applied Sciences Berlin, language: English, abstract: After a successful launch of the Euro and some beneficial years for the countries in the European Monetary Union enjoying low interest rates, the bankruptcy of Lehman Brothers in 2008 triggered a global financial and economic crisis which especially in the European Monetary Union turned into a sovereign debt crisis. Based on the ninth edition of Paul De Grauwe's book Economics of Monetary Union, this paper analyzes Italy's economic development in the last years and shows the benefits and costs for Italy of being in the European Monetary Union with special regard to Robert Mundell's theory of optimum currency areas (OCA-theory) (1961), the occurrence of asymmetric tendencies/shocks, their relevance for the country, and the question of overcoming of those shocks. In the end a clear answer is given if it was a good or a bad decision for Italy and its economy to join the European Monetary Union.

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