{"product_id":"the-euro-should-britain-join-the-european-monetary-union-von-florian-langhammer","title":"The Euro - Should Britain join the European Monetary Union?","description":"\u003cp\u003eSeminar paper from the year 2001 in the subject Economics - Monetary theory and policy, grade: 2,0 (B), Oxford Brookes University (Business School), course: Business Environment of the UK, language: English, abstract: HISTORICAL INTRODUCTION OF THE EMU\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eWith the Maastricht Treaty the EC heads of state and government agreed on a three-legged \"European Union\" (EU) on December 9 and 10, 1991, which should include a common foreign and security policy, cooperation on domestic and security policy and the creation of a European Economic and Monetary Union (EEMU).\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eThe European Monetary Union (EMU) is to be effected according to a concrete time schedule - the three-stage plan which was agreed upon in the Maastricht Treaty and the conversion plan which was decided December 1995.\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003eTo ensure the stability of a single currency, especially in the initial phase, the states participating in the EMU must satisfy the following convergence criteria as constituted in the Maastricht treaty:\u003c\/p\u003e\u003cp\u003e\u003c\/p\u003e\u003cp\u003e1. Inflation criteria: Price stability with no more than 1.5 percentage points above the inflation rate of the top three member states.\u003c\/p\u003e\u003cp\u003e[...]\u003c\/p\u003e\u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9783640861781\"\u003e\u003ch3\u003e\u003c\/h3\u003e\u003c\/div\u003e","brand":"Libri","offers":[{"title":"Softcover - 9783640861781","offer_id":39437505822813,"sku":"9783640861781","price":17.95,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/b386fa28-69b7-4aaf-98db-e634591b2f5b.jpg?v=1777782298","url":"https:\/\/shop.autorenwelt.de\/products\/the-euro-should-britain-join-the-european-monetary-union-von-florian-langhammer","provider":"Autorenwelt Shop","version":"1.0","type":"link"}