The Impact of the Euro on the European Market: A Eurozone and Member States Perspective

Szeitz Adrienn (2025) The Impact of the Euro on the European Market: A Eurozone and Member States Perspective. Külkereskedelmi Kar.

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Absztrakt (kivonat)

The introduction of the euro, in 1999, virtually and in 2002 physically, marked a landmark moment in European economic integration, which was the basis of the later monetary union. As within the European Union, a single currency is used by 20 out of 27 member states, the euro isn’t just a financial instrument, but also a symbol of economic cooperation and stability within the euro area. Its implementation aimed to stabilise the economy of the member states and promote further economic integration across the region. The euro’s journey was far from straightforward, the European market was affected by crises, which caused the complexity of the analysis on the euro’s effect. This thesis seeks to answer the question of whether the introduction of the euro brought the expected amount of economic benefit. The methodology of the analysis contains both legal and economic understanding of the journey of the euro, as the legal background deeply affected the economic outcome of each crisis. Without understanding the legal background from the beginning, it is impossible to see through the economic consequences and the effects of the crisis management and reforms on the economic outcomes. The thesis discusses both positive and negative effects of deeper European integration, reflecting on the weaknesses and strengths of the union as a whole. After which, the analysis shifts to a macroeconomic level, discussing how the union’s weaknesses and strengths directly affected the member states’ economic performance, based on which a conclusion can be drawn whether the euro had a more positive or a negative effect on each member. It’s important to declare already in the beginning that the success or failure of each member state doesn’t solely depend on the common legal tender, but also on their national policies, which will be further discussed during the thesis.

Intézmény

Budapesti Gazdasági Egyetem

Kar

Külkereskedelmi Kar

Tanszék

Nemzetközi Kapcsolatok Tanszék

Tudományterület/tudományág

NEM RÉSZLETEZETT

Szak

Nemzetközi tanulmányok (angol)

Mű típusa:	diplomadolgozat (NEM RÉSZLETEZETT)
Kulcsszavak:	EMU, euro, European Union, Eurozone, eurozóna, Európai Unió
SWORD Depositor:	User Archive
Felhasználói azonosító szám (ID):	User Archive
Rekord készítés dátuma:	2025. Okt. 27. 14:25
Utolsó módosítás:	2025. Okt. 27. 14:25

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