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论文作者:留学生论文论文属性:硕士毕业论文 thesis登出时间:2011-04-19编辑:zn1987点击率:4501
论文字数:4540论文编号:org201104191538284796语种:英语 English地区:英国价格:$ 66
关键词:International Monetary EconomicsEconomicMonetary Union in Europe
(vii) fiscal integration and inter-regional transfers - the higher the degree of fiscal harmonisation
between areas participating in a currency union, the greater the ability to smooth out diverse
shocks and differential inflation rates through transfers to the unemployed, together with active
regional policy to attract enterprises to the depressed areas. Thus, the social, structural and
cohesion funds operated by the EU are intended to perform a similar role, however,https://www.51lunwen.org/liuxuelunwendx/ the central
budget would have to be much larger to perform this task within a currency union - rising from
its present 1.2% of EU GDP to at least 20-25% of GDP (the average amongst federations) or
approximately 45% (average for industrialised nation states).
(viii) political factors - perhaps the decisive factor, despite the economic arguments outlined above, is whether the political will exists to pursue monetary integration amongst all prospective
participants.
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