Transcript
  • 00:01    |    
    Initial credits
  • 00:17    |    
    Presentation by Wenceslao Giménez-Bonnet
  • 00:45    |    
    Introduction
  • 03:39    |    
    Mercosur
  • 05:59    |    
    The common currency in Europe
  • 06:19    |    
    The process of adopting a common currency
    • Bretton Woods System
    • Flexible exchange rate
    • Comparison between Mercosur and the European Union
    • Dirty floating system
    • The ideal in the neoclassical and classical economics
    • The four essential economic freedoms
    • The European conclusion
  • 21:32    |    
    Lesson to be drawn out from the European experience
  • 24:21    |    
    Mundell model of economic integration
    • The European sequence
    • Monetary policy
    • Institutional arrangements, the Maastricht Treaty
  • 40:09    |    
    Summary of the European experience
    • Political will
    • Common currency arrangements
    • Discipline in monetary and fiscal policy
    • The fiscal policy has to be tamed
    • Reliability
  • 48:15    |    
    End of lecture
  • 48:21    |    
    Final credits


Currency Arrangements in Europe

New Media  | 29 de enero de 2004  | Vistas: 4647

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.



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




Conferencista

Dr. Antony P. Mueller was born in Germany where he obtained…

IDEAS DE LA LIBERTAD

Nuestra misión es la enseñanza y difusión de los principios éticos, jurídicos y económicos de una sociedad de personas libres y responsables.

Universidad Francisco Marroquín