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The European Monetary Union And The Euro
Beginning of paper
At their last summit in Madrid, the leaders of the European Union confirmed their intention to press ahead with Monetary Union according to the timetable and conditions laid out in the Maastricht Treaty. While the summit also filled in some of the detail of the transition to a single currency, including christening it with the name of the "Euro", ....
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....ation's unemployment rate and its real exchange rate (that is the price of foreign goods and services relative to the price of domestic goods and services expressed in a common currency) are determined by the real characteristics of the economy. Thus the real exchange rate must ensure that the supply of goods and services (determined by the availab.... |
| Word count: 2394 |
Page count: 9 |
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