Currency Arrangements in Europe

About this video

The common European currency, known as the Euro, emerged in 1990. However, the process that took place in order for this currency to be created was long and complex. Antony Mueller explains the process that Europe had to go through in order to successfully adopt a common currency: From the Bretton Woods system to the European conclusion in which the idea of a common currency was reached on a regional scale instead of a worldwide scale. He also illustrates the fact that, in order to achieve an economic integration, there must be political willingness, a single market, discipline in monetary and fiscal policies, and reliability in the economic policy. Mueller also describes the Mundell model of economic integration which explains that there must be a great amount of will, readiness and ability to have a free movement of labor in order to achieve an optimum currency area. Finally, he talks about the European experience regarding its economic integration.

Antony Mueller

Dr. Antony P. Mueller was born in Germany where he obtained his doctorate in economics from the University of Erlangen-Nuremberg. He is currently professor at the Federal University of Sergipe (UFS) in Brasil and academic director of the Instituto Mises Brasil. Antony Mueller is the founder of “The Continental Economics Institute” (www.continentaleconomics.com) and an adjunct scholar of the Ludwig von Mises Institute USA. He maintains the blog Cash & Currencies (www.cashandcurrencies.blogspot.com). Write e-mail to antonymueller@yahoo.com.

Source: www.ufm.edu
Last update: 05/08/2010

Credits

Currency Arrangements in Europe: Are there Lessons for Latin America?
Antony Mueller

Auditorio New Media
Universidad Francisco Marroquín
Guatemala, January 29, 2004

A New Media - UFM production. Guatemala, February 2004.
Camera: Jorge Samayoa; digital editing: Jorge Samayoa, Alexander Arauz; index: Sofía Porres; synopsis: Sebastian del Buey; synopsis reviser: Daphne Ortiz; publication: Fernando De León

This work is licensed under a Creative Commons 3.0 License
Este trabajo ha sido registrado con una licencia Creative Commons 3.0