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Europe In 2010: Ecomonic Monetary Union
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Economic and Monetary Union (EMU) is a single currency area within the European Union single market in which people, goods, services and capital move without restrictions. It creates the framework for economic growth and stability and is underpinned by an independent central bank and legal obligat ....
Middle of essay
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- The crisis in Asia and other emerging market economies could produce adverse spillover effects and make the monetary policy more difficult to carry out.
- The continuation of the crisis could result in weakening of the external demand, which, in turn, could dampen confidence and domestic demand.
- The financial market volatility could increase the uncertainty in assessing the economic indicators.
- The economic crisis in emerging markets could influence the commercial banks in the euro- ar.... |
| Number of words: 1856 |
Approximate pages: 7 |
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