copyright © 2011 cengage learning 38 common currency areas and european monetary union

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Copyright © 2011 Cengage Learning 38 38 Common Currency Areas and European Monetary Union

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Page 1: Copyright © 2011 Cengage Learning 38 Common Currency Areas and European Monetary Union

Copyright © 2011 Cengage Learning

3838Common Currency Areas and European

Monetary Union

Page 2: Copyright © 2011 Cengage Learning 38 Common Currency Areas and European Monetary Union

MAP 1 Map of Europe

Copyright © 2011 Cengage Learning

Page 3: Copyright © 2011 Cengage Learning 38 Common Currency Areas and European Monetary Union

Figure 1 A Shift in Consumer Preferences Away from German Goods Towards French Goods

Copyright © 2011 Cengage Learning

Page 4: Copyright © 2011 Cengage Learning 38 Common Currency Areas and European Monetary Union

Figure 2 A Shift in Consumer Preferences with Flexible Exchange Rates

Copyright © 2011 Cengage Learning

Page 5: Copyright © 2011 Cengage Learning 38 Common Currency Areas and European Monetary Union

Table 1 Imports Plus Exports of 15 EU Countries From and To Other EU Countries as a % of GDP

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Page 6: Copyright © 2011 Cengage Learning 38 Common Currency Areas and European Monetary Union

Figure 3 Growth Rates in Germany, France and the Whole Euro Area

Copyright © 2011 Cengage Learning

Page 7: Copyright © 2011 Cengage Learning 38 Common Currency Areas and European Monetary Union

Figure 4 Growth Rates in Ireland and the Whole Euro Area

Copyright © 2011 Cengage Learning