Lisa Malysse Lisa Talloen Delphine Gossieaux Marie Vanderbeke UK vs. EURO.

Slides:



Advertisements
Similar presentations
CHAPTER 3 THE INTERNATIONAL MONETARY SYSTEM. CHAPTER OVERVIEW I. ALTERNATIVE EXCHANGE RATE SYSTEMS II.A BRIEF HISTORY OF THE INTERNATIONAL MONETARY SYTEM.
Advertisements

Is the Eurozone breaking up?, otherwise entitled “I told you so” Talk by Professor Tim Congdon CBE to the Bruges Group 14 th July, 2010.
Interest Rates, ECB and Financial Markets Presented by: Paul McDaid Dominic King Iarla Davoren Conor O’Brien.
Britain and the EU 18 March 2013 by Sigrid Brevik Wangsness.
EMU and the euro... (for dummies?) Presentation by Nigel Nagarajan Faculty Orientation for the 2009 Euro Challenge New York, November 25 th 2008 The 2009.
History of European integration European Payments Union European Coal and Steel Community Treaty of Rome 1970s & 1980s - Expansion.
The International Monetary System International Finance Dr. A. DeMaskey.
Eric Johnson.  The Euro: A Summary  History Lesson  Sovereign Debt Crisis  Future of the Euro  Q & A.
Chapter 17 Section 3.
Ch. 10: The Exchange Rate and the Balance of Payments.
Reviewing performance
BACKGROUND TO EMU  1970: Werner Report  1979: European Monetary System  1989: Delors Report  1992: Maastricht Treaty  1996: Stability and.
HOW THE EUROPEAN SINGLE CURRENCY EVOLVED By Adam Dangelmayr & Ibrahim Kekec.
Principles & Policies I: Macroeconomics
The EMS and the Euro. EMU Adopted by the Treaty on European Union of 1992 (The Maastricht Treaty) EMU designates the zone of countries within the EU which.
1 Disclaimer The views expressed are my own and do not necessarily reflect official positions of the Federal Reserve Bank of St. Louis, or the Federal.
Exchange Rate Regimes. Fixed Exchange Rates and the Adjustment of the Real Exchange Rate In the medium run, the economy reaches the same real exchange.
European Union and Economic and Monetary Union
The Response of Europe to the Collapse of Bretton Woods
SECOND BUSINESS ROUNDTABLE WITH THE GOVERNMENTS OF BOSNIA AND HERZEGOVINA Sarajevo, September PETER NICHOLL GOVERNOR CENTRAL BANK OF BOSNIA AND HERZEGOVINA.
The Global Economy European Monetary Union. European Union Emerged from post-WWII Europe –ECSC meant to end wars between France and Germany Evolved into.
The Gold Standard The gold standard was a commitment by participating countries to fix the prices of their domestic currencies in terms of a specified.
CHAPTER 13 FREE MOVEMENT OF CAPITAL AND MONETARY UNION.
The euro as solution and problem THE POLITICS OF EUROPEAN MONETARY INTEGRATION ZOLTÁN ÁDÁM, KOPINT-TÁRKI INSTITUTE FOR ECONOMIC RESEARCH
Germany's Role in the EU Group 5 Day 3 Chien-Hui Chan, Julian Yang, Yi-Hau, Luigi Gonzalez.
Benefits versus costs of adopting the Euro for the UK An Optimum Currency Area Theory approach.
chapter The International Monetary System McGraw-Hill/Irwin Global Business Today, 5e © 2008 The McGraw-Hill Companies, Inc., All Rights Reserved. 10.
Chapter 7 Dealing with Foreign Exchange. LEARNING OBJECTIVES After studying this chapter, you should be able to: 1. understand the determinants of foreign.
The European Central Bank
OTHER NATIONS’ CENTRAL BANKING. Reserve Bank of New Zealand The bank manages monetary policy to maintain price stability, promotes the maintenance of.
Page 0 Nexia Conference – Delhi Nick Anthony Barclays Commercial Bank October 2008 Strictly Private & Confidential.
European Monetary Union. Evolution of the EU 1951: European European Steel and Coal Community. 1957: European Economic Community, the ‘Common Market’
Henry Kirse & Danielle Briggs.  WWII destroyed political and economic systems in Europe  1946 Bretton Woods Agreement  Created the International Monetary.
Lecture 21 International Monetary System Exchange Rate Systems Floating Rate System vs Fixed Exchange Rate Systems Brief History The Eurocurrency Market.
Subjects of International Finance Law Plan: 1. State as the main Subject of IFL. 2. Central banks as Subjects of IFL. 3. International Organizations as.
IMF & World Bank. Formation of global institutions ( ) international economy viewed as one cause of war Why the US took the lead -rivalry with.
Major Financial Institutions.  Banks and Credit Unions  Federal Reserve  Types of Business:  Sole Proprietorship, Partnerships, and Corporations 
 Used by 17 of 27 countries  Used for all payments starting in 2002  Should be used by all countries once they join THE EURO.
European Community. Corruption Perception Index u u Transparency International u u Gottingen University u u Berlin, Germany u u
© The McGraw-Hill Companies, 2008 Chapter 34 Exchange rate regimes David Begg, Stanley Fischer and Rudiger Dornbusch, Economics, 9th Edition, McGraw-Hill,
SECTION 1 MANAGING THE ECONOMY The Economy at Work GCSE ECONOMICS: UNIT 12 The Euro.
© 2003 Prentice Hall Business PublishingMacroeconomics, 3/eOlivier Blanchard Prepared by: Fernando Quijano and Yvonn Quijano 21 C H A P T E R Exchange.
Simplifying Global Economics, Business, and Finance edunomics.club
Crises in currency unions: Spain Laurent K. Frey E809: International Monetary and Financial Systems.
Chapter 5 – Central Banks BA 441 – Financial Markets and Institutions.
Britain and the EU 28 January 2016 by Sigrid Brevik Wangsness.
The Persistence of Global Financial Imbalances Mary Malliaris Tassos Malliaris LOYOLA UNIVERSITY CHICAGO CONFERENCE on ECONOMIC ASYMMETRIES AND GLOBALIZATION.
Economic and monetary union (EMU). EMU involves … Policy harmonisation to remove obstacles to factor mobility A more marked and wider range of common.
WHO?  OBJECTIVESKEY WORDSEnterprise Skills ALL C Understand what the EU represents. Common currency Eurozone Enlargement Eastern European EU BRONZE Decision.
MONETARY UNIONS When at least two countries share the same currency.
World Regional Geography Unit I: Introduction to World Regional Geography Lesson 3: Institutions of Economic Integration Question.
Balance of Payments and Exchange Rates. The Balance of Payments Account Meaning of the balance of payments The current account Meaning of the balance.
Hagkerfi bíður skipbrot: Reynsla Íslendinga af sjálfstæðri peningamálastefnu Alþjóðamálastofnun 26. febrúar Gylfi Zoega.
AdvantageDisadvantage 1 st Free Trade Area 2 nd Customs Union 3 rd Single Market 4 th Economic Union 5 th Monetary Union.
Need the Fed? ECO 285 – Macroeconomics – Dr. D. Foster The Gold Standard: the meaning of sound money.
What is the euro? the basic monetary unit of most members of the European Union A single currency for 12 of the European Union's 27 member states. The.
CISI – Financial Products, Markets & Services
Chapter 9.
6 February 2017 by Sigrid Brevik Wangsness
English for Tax Administration IV Revision
The European union explained
Economic and Monetary Union
Chapter 9.
United Kingdom: Government and Economy
CHAPTER 4 GLOBAL ANALYSIS
History of the Euro Ray McGuinness BA 543 – 6/4/13.
Graphic Organisers Economics
PSIM: Public Administration in Britain
European Central Bank (Tóbi Dorina).
Presentation transcript:

Lisa Malysse Lisa Talloen Delphine Gossieaux Marie Vanderbeke UK vs. EURO

What Is the European Union? A government, an association of states, or an international organization 27 member States Launched a single European currency Building a single Europe-wide free market for goods, services, people, and capital. Largest providers of official development assistance around the world London : member since 1973

What is the Euro Area? 1992 : Maastricht Treaty 4 January January January 2002 An economic and monetary Union 17 European Member States Common currency European Central Bank is responsible for the monetary policy

Why is the UK member of the EU but not of the European area? Opt - out Economic reasons : - protection of their financial markets - to maintain their monetary policy - flexibility on exchange rates & short- term interest rates Political reasons Psychological reasons : - Pond part of identity - Proud of their currency

Why is London called ‘the financial heart’ of the world? 4 financial hearts : London, New York, Tokio &Frankfurt Many international banks Numerous stock exchanges Trading in : - Options - Currency - Oil -Metals - Gold - Insurance

Interest rate in the UK UK bank rate will fall to 0,25% by the end of the year. A rise to 0,75% in In April, they said it would be The Bank of England will offer £80 billion Surprise fall in inflation Weakening global oil price Banks and borrowers won’t lend

Actuality Minister Nick Clegg : afraid that UK has to leave te EU Debate of the budget of the EU Threat :veto against the new budget Cameron & Clegg : focus on a freezing budget

Feedback: Privacy Policy Feedback
Do Not Sell My Personal Information
About project: SlidePlayer Terms of Service

© 2025 SlidePlayer.com. Inc. All rights reserved.