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Adopting A Common Currency

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Arpit Agarwal
Arpit Agarwal

The document discusses the adoption of a common currency in Europe and its advantages. It outlines the history of the euro, from the Werner Plan in 1970 to the establishment of the European Monetary System (EMS) in 1979. The EMS aimed to stabilize exchange rates between European currencies. This eventually led to the creation of the euro in 1999 to further economic integration and remove exchange rate uncertainty within the EU. Adopting a common currency has benefits like reducing transaction costs and optimizing allocation of resources across borders.

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Adopting a Common Currency And It’s Advantages Group 2 Shakul Aggarwal (07927835) S.Prashanth (07927841)
Motivation ,[object Object],[object Object],[object Object]
Euro as an example ,[object Object],[object Object],[object Object]
Transformation of EU into truly unified market ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
The History of the Euro ,[object Object],[object Object],[object Object],[object Object]
Werner Plan ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
European Monetary System (EMS) ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
European Currency Unit (ECU) ,[object Object],[object Object],[object Object],[object Object]
Why was EMS not enough? ,[object Object],[object Object],[object Object],[object Object]
Roadmap to a Common Currency ,[object Object],[object Object],[object Object],[object Object],[object Object]
Optimum Currency Area (OCA) ,[object Object]
Criteria for OCA ,[object Object],[object Object],[object Object]
Benefits of a Common Currency ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Planned Common Currencies ,[object Object],[object Object],[object Object]
Conclusion ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object]

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