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Thursday, February 18, 2016

Your firm is expanding into Europe, and your department head has asked you to put together a report

 February 18, 2016     No comments   

Your firm is expanding into Europe, and your department head has asked you to put together a report on monetary unions in general, include the following:

Discuss the advantages and disadvantages relative to a nation maintaining its own individual currency

Discuss the EMU and the euro in detail, including the following:  its history the countries involved its implementation how it has functioned over the last decade, noting any issues that had to be  overcome

How did the International Monetary Fund (IMF) reassign the special drawing rights (SDR) as a result of changing from several European currencies to the euro?

Discuss whether the EMU helped or hindered the development of the European Union.

Conclude the report with a brief discussion on the possible advantages and disadvantages of the amero, a possible common currency for Canada, Mexico, and the United States, which has come up in the press from time to time. Discuss why you would favor or be against a common currency for North America
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