TRAP@NCI

Economic and Monetary Union: What will deter financial institutions and retailers from trying to recover the costs of the changeover from the consumer?

Quinn, Robert (1999) Economic and Monetary Union: What will deter financial institutions and retailers from trying to recover the costs of the changeover from the consumer? Undergraduate thesis, Dublin, National College of Ireland.

[img]
Preview
PDF (Bachlor of Arts)
Download (1MB) | Preview

Abstract

Economic and Monetary Union has been on the agenda for almost thirty years. It was set up on the 1st January 1999, with eleven countries joining. Ireland is one of them. It is a monetary union, therefore the Irish Central bank has lost its monetary policy power to a new European Central Bank. This will mean disadvantages to Ireland's economy, but on the other hand there are also benefits. Which include more competition, investment, price transparency,
which will lead to higher quality products and lower prices. The banks and retailers will try to pass the cost of the changeover to the euro (on 1st January 2002). However, certain bodies, such as the Office of the Director of Consumer Affairs and a new observatory will be monitoring the changes. The European Union Commission has also introduced three European Union Recommendations to combat this. Foreign exchange charges are being monitored and transparency in this area is very important to increase the benefits and the understanding of the consumer.

Item Type: Thesis (Undergraduate)
Subjects: H Social Sciences > HG Finance > International Finance. International Monetary System
H Social Sciences > HG Finance > Financial Services
H Social Sciences > HD Industries. Land use. Labor > Specific Industries > Retail Industry
J Political Science > JN Political institutions (Europe) > European Union
H Social Sciences > HG Finance > Money > Currency > Euro (Single European Currency)
Divisions: School of Business > BA (Honours) in European Business and Languages
Depositing User: SINEAD CORCORAN
Date Deposited: 24 Aug 2010 16:14
Last Modified: 28 Apr 2012 11:16
URI: http://trap.ncirl.ie/id/eprint/404

Actions (login required)

View Item View Item