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The economic advantages and disadvantages of non-membership of the single currency and a study of its impact on the United Kingdom.

Ní Bhraoin, Éadaoin (2004) The economic advantages and disadvantages of non-membership of the single currency and a study of its impact on the United Kingdom. Undergraduate thesis, Dublin, National College of Ireland.

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Abstract

This thesis is about the economic advantages and disadvantages of non-membership to the single currency for the UK. The problem to be investigated is how according to economic research this thesis can foresee the advantages and disadvantages of the UK to joining the Euro, an option which will see economic integration and political cooperation forcing the non-membership countries into a peripheral economy of their own.

According to research, the UK has already lost out on foreign direct investment because of their non-membership to the Euro currency, this being the reason why the US and Asian markets are strongly in favour of the UK joining as-their economy is performing better than their European neighbours. However, we have to ask the question: 'Do these countries believe in an integrated Europe?' This is the difficult question that we have to tackle in order to fully understand the thinking behind the UK as a non-Euro country.

Primary and secondary research was used in the process of finding relevant information to the topic being investigated. The choice of primary research was for 2 semi-structured interviews and a Likert Scale opinion poll conducted on-line. The opinion poll data proved very interesting and confirmed the belief held by many that a majority of the UK population can be weary of the European Union and its Institutions.

An interesting finding which was explained in Interview 1 was that the Euro is more psychological than a financial instrument for much of the Eurozone population. This is confirmed in Chapter 4 on Public Opinion. Even though there have been many publications on the subject of the UK non-membership, the author believes that which is contained here proves for very interesting reading and improved her own perception of the UK and indeed Europe.

Item Type: Thesis (Undergraduate)
Subjects: H Social Sciences > HG Finance > International Finance. International Monetary System
Divisions: School of Business > BA (Honours) in European Business and Languages
Depositing User: Tim Lawless
Date Deposited: 19 May 2010 14:53
Last Modified: 15 Jan 2015 08:32
URI: http://trap.ncirl.ie/id/eprint/179

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