The domestic factors affecting the German position in the single European currency

Date of Publication

1998

Document Type

Bachelor's Thesis

Degree Name

Bachelor of Arts in International Studies Major in European Studies

Subject Categories

Eastern European Studies | International and Area Studies

College

College of Liberal Arts

Department/Unit

International Studies

Abstract/Summary

This study focuses its research on the stand of the German government on the Single Currency. From the start of the Economic and Monetary Union Germany the one who wants to pursue the goal of having a single currency in Europe. Chancellor Helmut Kohl is behind Germany's persistence because he wants Germany's economy to prosper through the Euro and to have a more cohesive Europe.

Though the glittering promise of prosperity, skepticism still arises within the German people due to the rising unemployment brought about by the policies of the government to meet its own Maastricht criteria on convergence. The Euro will save millions of Euro per year and will provide more employment and capital investment not only in Germany but the whole of Europe.

Many German businesses will gain because of the elimination of transaction and exchange rate costs. Prices of commodities will stabilized through out Europe eliminating price discrepancy within Euro member countries. It would be easier for investors to penetrate European markets and thus increasing investments. Tourism will also benefit because of the elimination of Exchange rate costs, tourist will save money and spend more for themselves.

Abstract Format

html

Language

English

Format

Print

Accession Number

TU10137

Shelf Location

Archives, The Learning Commons, 12F, Henry Sy Sr. Hall

Physical Description

62 leaves ; Computer printout

Keywords

European currency unit, Money—European Union countries, Money—Germany

Embargo Period

2-3-2021

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