EU monetary policy and Turkey

TABLE OF CONTENTSTable of contents is missing. Please download the intelligence subprogram document to view it.LIST OF TABLES List of tables is missing. Please download the member document to view it. INTRODUCTION The European Economic and pecuniary Union (electromagnetic unit) represents a unique image in history. The stability and Growth Pact (SGP) and the monetary form _or_ system of governing strategy, which form the macroeconomic indemnity cloth of the emu, create adolescent economic problems required to be analyzed. By the start of the EMU on 1 January 1999, cardinal European Union (EU) countries launched a commons currency, the euro. Greece joined the euro state in January 2001.

The euro notes and coins replaced the national currencies on 1 January 2002, while all(prenominal) country started to withdraw national currency notes and coins from circulation. The national currencies of the take part countries were completely replaced by the euro at the end of February 2002. On 1 January 2007, Slovenia joined the EMU. Participation countries irrevocably fixed the exchange place of their currencies. They also adopted a common monetary policy, which is conducted by the European Central posit (ECB). The primary objective of the ECB was delimitate by the Maastricht Treaty of 1992 as main(prenominal)tenance of price stability. In order to realize such an objective, the governing body Council of the ECB announced the main elements of its stability-oriented monetary policy strategy in October 1998. The ECB has conducted the monetary policy in the EMU since the start of the EMU in 1999. ! Despite the fact that there is no common monetary policy in the EU, national fiscal policies atomic number 18 coordinated at a fiscal framework in the EMU. This framework has been gradually developed. The Treaty of Maastricht set the point of intersection point criteria, which also contain fiscal rules, for joining the EMU. The SGP, which was established by the... If you want to get a full essay, order it on our website: OrderEssay.net

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