Help with Economics Euro Zone Debate - REP REWARDS
Economics discussion, revision, exam and homework help.
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Help with Economics Euro Zone Debate - REP REWARDSHey there,
im basically taking part in a debate at my college to do with Economics
I am supporting the Motion - the Motion is "This house believes that the current Eurozone crisis will result in the collapse of the euro as a currency."
My knowledge on this isn't too strong.
So could people please give me information, help, news articles, study pages etc
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Re: Help with Economics Euro Zone Debate - REP REWARDSI would suggest possibly researching a little on Mundell's theory of Optimal Currency Areas (OCA). There is an argument to be had that the Eurozone crisis has arisen from weak groundings given that the countries do not fit with Mundell's requirements for an OCA. Tutor2u which you may or not be familiar with has some basic information on this with a simple search- I feel this would be a good place for you to start (and will most likely lead you to more data such as GDPs, budget problems etc)(Original post by Nilsdejongh)
Hey there,
im basically taking part in a debate at my college to do with Economics
I am supporting the Motion - the Motion is "This house believes that the current Eurozone crisis will result in the collapse of the euro as a currency."
My knowledge on this isn't too strong.
So could people please give me information, help, news articles, study pages etc
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Re: Help with Economics Euro Zone Debate - REP REWARDS??(Original post by Nilsdejongh)
anybody else? -
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Re: Help with Economics Euro Zone Debate - REP REWARDSHi Nilsdejongh
It comes down to this policy the euro was built to fail. You cannot put together so many countries and then ignoring their ability to control interest rates and exchange rates. Every country within the euro will feel the crisis differently some will need to lower or increase interest rates to determine demand some will need to tamper with exchange rates to boost exports every nation in the euro zone has a different build up in terms of skills, industry and so forth. Therefore a nation needs control of its monetary policy to overcome the shocks felt across the whole eurozone. Therefore the euro is a flawed concept. -
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I'd explore the idea that the Euro collapse was inevitable given that it brought about monetary union without the necessary fiscal and political integration needed for proper oversight.
You could also talk about the difficulties faced by Eurozond countries who saw structural trade imbalances which could not be solved with exchange rate movements (as they had adopted the Euro).
Hope that helps. Any clarification needed, just ask.
This was posted from The Student Room's Android App on my Galaxy Nexus
