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Home CCSU Theses & Dissertations The Euro--a changing currency in a changing world: how long will this currency survive?

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Identifier	Thesis 2051
Author	Zemetis, Charles A.
Title	The Euro--a changing currency in a changing world: how long will this currency survive?
Publisher	Central Connecticut State University
Date	2009
Resource Type	Master's Thesis
Notes	The introduction of the Euro on 1 January 2002 created a new element of uniformity and extended the capabilities of the European Union. Through a lengthy process of trials, failures, and breakthroughs, which spanned from the European Union’s conception, the Euro has become a symbol of economic viability and vitality in an ever-changing world market. The Euro is in its infancy compared to other currencies because the research concerning successes and failures of the Euro has been a relatively new phenomenon. However, this research will be imperative to forming conclusions about the survival of this influential emerging currency. A compilation of economically diverse European member States use the Euro and make it especially difficult to determine the full extent of its consequences. This maiden attempt at economic unification of the European continent on a large scale will show whether or not this is possible for other places in the world. National prerogatives sometimes prevail over the distribution of benefits among all states when so many countries have an invested interest in the Euro. The winners and losers of the European Union and the usage of the Euro are seen in globalized industries like the telecommunications industry in France and wine production and exportation throughout the European Union. There is early evidence that suggests that some countries and industries will experience setbacks while other will thrive. Even though the Euro has been gaining strength in recent years, England, Sweden, and Denmark have not joined as of this date because those nations feel subscription to the Euro will jeopardize national control of their economies. This controversy creates some resentment around the European Union which undermines the effectiveness of the Euro as a single currency. The new European Union members have been transitioning to Euro as it continues to gain strength. The success of new member States joining is dependent on many economic factors. Since much research is still being written and studied, rapidly changing events in our globalized economy and their impact on the Euro are best chronicled in the daily publications throughout Europe. This thesis also aims to indicate disparity within the European Union and how it is evaluated by the media. Insufficient or no information can be gathered to account for impact of the recent additions or future additions to the Euro-Zone. For example, Slovakia adopted the Euro as its currency effective 1 January 2009. The advantages and disadvantages of their transition are only beginning to be documented via economic reports, news publications, and statistical information. The Euro’s success depends on the collective economic growth and cooperation of member states. The importance of the European Union and the Euro has grown during a time where world markets were stable, but it will need to weather current and future economic trends in order to prove its durability. Ultimately, my research will support the hypothesis that the Euro will remain a stable currency in the world market while confronting internal divergence. Also, if recent growth trends continue, the Euro will surpass the United States Dollar as the preferred medium of exchange worldwide.
Subject	Euro Monetary unions -- European Union countries
Department	Department of International Studies
Advisor	Charkiewicz, Mitch
Type	Text
Digital Format	application/pdf
Language	eng
OCLC number	713734080
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Home CCSU Theses & Dissertations The Euro--a changing currency in a changing world: how long will this currency survive?

The Euro--a changing currency in a changing world: how long will this currency survive?

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