A Common Currency for the Arabs.
10/1/2011
By: Nourhan Abdel Wahab - 100481 - Nourhan Hisham 110591 and Radwa Talaat - 101457
Fall 2011
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Project Outline
I) Introduction
A) Abstract on jet currencies.
B) neutral and structure of the project.
II) Why adapt a common cash?
A)Prerequisites for a common money
B)Advantages of a common property
C)Disadvantages of a common notes
III) Comparison with the case of the Euro.
A)Costs and arrive ats of the Euro adaption on the European element states (Example of Bulgaria)
B)The Maastricht Criteria (Example being applied to an OCA)
IV) GCCs attempts to launch a common coin for the Gulf.
A)History and background of GCC attempts
B)Conditions for a successful common currency
C) study the European experience with the GCC experience
D)Reasons causing inability to launch a common currency
V) Conclusion
A) Is it better for the Arabs to have one common currency like the Euro?
B) Recommendations
I)Introduction
The adoption of common currencies started in January 1999 between the members of the European Union agreeing upon the Euro as the national currency.
Indeed, in 2002, the Euro became the champion currency used by all European Union members. well-nigh areas seek a common currency from the major benefit known as trade facilities and investments between countries of the union since execution costs are reduced in cross-b rear businesses, and exchange aim volatility is also removed across the union. (Madhur, 2002) Just as well, there are also numerous disadvantages that can interdict and hinder the possibility of launching a common currency among a nation that will be further discussed in the following pages.
In order to adopt a single currency, one must comply with the Optimum Currency Areas development of economic efficiency, which is a theory developed by economist Robert Mundell that consists of deciding whether or...If you want to get a full essay, order it on our website: Orderessay
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