Eurozone

‘Austerity: The History of a Dangerous Idea is a masterful combination of economic history and intellectual history that puts the current policy debate into a balanced and sophisticated perspective.’ In my project I reviewed the book Austerity: The History of a Dangerous Idea written by Mark Blyth. I have mentioned at the beginning of the project that author has written his book from the perspective of political economy; he believes that the idea of austerity is a dangerous idea because it…

How do you identify yourself when you meet someone? After introducing yourself by name, do you continue by saying where you are from? For example, in a Vancouver context, would you say that you are from Canada or the Pacific Northwest? This paper investigates the degree of global politics influenced by regional institutions more than national alliances and entities. This paper will argue that to a large extent the world is transitioning from a nation based world to a regional world using three…

Helicopter Money: Arriving Soon in Japan? Foreign exchange markets are arguably the quickest to discount changes in economic management, particularly monetary policy. The recent weakening of the yen versus the US dollar has been some of the most profound since the Plaza Accord of September 1985. It suggests, therefore, that foreign exchange markets are expecting a renewed easing of Japanese monetary policy. Since banks’ deposit rates at the Bank of Japan (BoJ) are already in negative territory,…

Europe is a very important region in the World. Many developed countries such as Germany, France, Great Britain, Italy, and Spain located on this territory. These countries are playing asignificant role in the world political and economical system. “Colonialism is the control or governing influence of a nation over a dependent country, territory, or people.” Historically, countries such as Great Britain, France, Spain, and Portuguese send many expeditions to explore new lands and they…

Why Trump is Wrong about America “Make America Great Again.” This is one of the most publicized presidential campaign messages which also happens to be the fundamental basis platform of Donald Trump’s Presidential Campaign to put him in the White House. As history can tell us, this is an average Republican far tactic; trying to convince the public that the US is being bested by rival nations such as Russia, China, and Trump’s personal favorite, Mexico, because their leaders are “smarter, more…

The Group Video Assignment has been the most creative assignment I have completed during my post-secondary education thus far. My favourite aspect of the assignment is its requirement to not only utilize an analytical approach in determining why European states are having difficulty cooperating in some areas, but also its requirement to utilize a creative approach to present the rationale. Regarding the division of the work for the assignment, it was more or less equally distributed between…

can be attributed to the EU membership and economic reform policies because three years before attaining membership, Malta’s rate of economic growth was decreasing but between 2005 and 2007, economic growth reached an average of 3.5%. Joining the Eurozone also meant that Malta could use the Euro as its official currency and it benefitted from the stable exchange rate regime. The Lira, Malta’s previous currency was small and vulnerable to massive economic shocks in the world, but adoption of the…

i. What mechanisms were created after World War Two for supporting sovereign state solvency as well as coordinating global trade and finance? When the World War II ended, the economy of many countries of Europe was devastated, so it was necessary to create viable systems or plans which would help to these economies recovering. Besides the Marshall Plan, which was a program created by the American government after World War II to help European states recovering, the international community…

market. Conversely, if the national markets are highly opened, they can equilibrate intra-economic performance and deal with those shocks. In terms of this, the Eurozone is recognised as OCA, yet the zone is not considered as OCA from the viewpoint of labour mobility because of linguistic divergences; thus, it is arguable whether the Eurozone is OCA (Swoboda,…

Fiscal Policy can be considered an economic issue because any change in the government budget can have a significant impact on the economy on a whole as well as the people living in it. Fiscal Policy consists of changes in government expenditures and/or taxes to achieve economic goals, such as low unemployment, price stability, and economic growth. “Federal tax and spending policies can affect the economy because of the impact on federal borrowing, private demand for goods and service as well…